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Duties on transfers of immovables

Calculation of the duties on transfers of immovables

As mentioned in the article 2.1 of the Act respecting duties on transfers of immovables, the threshold of base tax brackets is modified annually according to the parameters established by the Ministry of Municipal Affairs and Land Occupancy.

The calculation of the fee is made according to the following parameters:

Tax base bracket Rate

Does not exceed $50,900

0.5%

More than $50,900 without exceeding $254,400

1.0%

More than $254,400 without exceeding $505,200

1.5%

Exceeding $505,200*

3,0%

*According to by-law G-030-18 applicable from November 22, 2018.

 

The tax base for the transfer tax is the higher for the following amounts:

  1. the amount of consideration provided for the transfer of the building;
  2. the amount of the consideration stipulated for the transfer of the immovable;
  3. the amount of the market value of the property at the time of transfer.

Special duties

According to article 20.1 of the Act respecting duties on transfers of immovables, every municipality may provide that special duties shall be paid to it. The City of Châteauguay authorizes the imposition of a special duty according to the tax bases provided for in the Act.

Property value Amount to be paid
Immovable less than $5,000 No duties
Immovable more than $5,000 less than $40,000 Special duty equivalent to transfer duty (0.5%)
Immovable of $40 000 and more $200

The City allows the exemption of the special duty when the transfer occurs between spouses or members of the same family following a death.

Properties not registered in the land register (private sale)

According to article 6 of the Act respecting duties on transfers of immovables, in the case where the transfer of property is not done before a notary and, therefore, it is not registered in the land register (private sale), the purchasers are required to pay rights on the immovable transfers and to inform City, within 90 days of the transaction. The information to be provided is detailed in the article 10.1 of the Act respecting duties on transfers of immovables. The purchaser could therefore receive a transfer duty account issued by the City.

We invite you to send us the requested information at the following address: taxation@ville.chateauguay.qc.ca

Last update: 2019-01-10 15:54