The Québec welcome tax, officially the droit de mutation immobilière (land transfer duty), is a one-time tax a buyer pays after purchasing a property. It is calculated on the higher of the purchase price or the municipal assessment, using progressive brackets. In Montréal the rate rises through several tiers and reaches higher percentages on luxury properties, so it should be budgeted for at closing.
A one-time land transfer duty (droit de mutation) paid by the buyer.
Calculated on the greater of the sale price or the municipal valuation.
Applied through progressive brackets — Montréal adds higher upper tiers.