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The duties on real estate transfers constitute a tax on the transfer of any immovable located in the territory of the municipality under provincial legislation (Act respecting duties on transfers of immovables, C.Q.L.R., c. D-15.1). The purchaser of the property is required to pay transfer duties. All municipalities must collect transfer duties on the transfer of any immovable located on its territory.
 

Calculation of the transfer duty

The rate of the transfer duty is calculated as follows:
 
Thresholds and rates established from January 1, 2022
On the portion of the tax base:
 
  • which does not exceed $53,200, the rate is 0.5%;
  • which exceeds $53,200 without exceeding $266,200, the rate is 1%;
  • which exceeds $266,200 without exceeding $532,300, the rate is 1.5%;
  • which exceeds $532,300, the rate is 3%;
 
Example of calculation with a tax base of $ 1,381,000
 
  1. Multiply $ 53,200 by 0.5% = $ 266.00
  2. Then multiply $ 213,000 by 1.0% = $ 2,130.00
  3. Then multiply $266,100 by 1.5% = $ 3,991.50
  4. Then multiply $848,700 by 3.0% = $25,461.00
  5. Therefore, for a base of $1,381,000, the total of the duty will be: $ 31,848.50
 

Payment of transfer duty

 
This tax is payable in a single payment within thirty (30) days of the City sending the account. The tax base for transfer duties is calculated based on the highest of the following amounts:
 
  • The amount actually paid for the transfer of the immovable;
  • The amount of the consideration stipulated for the transfer of the immovable;
  • The amount of the market value of the immovable at the time of its transfer (The Act respecting duties on transfers of immovables defines the market value as the product obtained by multiplying the value entered on the roll of the unit or its part corresponding to the transferred immovable, as the case may be, by the factor of the roll established by the Direction d’évaluation foncière and approved by the Ministry of Municipal Affairs and Housing.)
 
The comparative factors of the City of Beaconsfield for the following years are :
 
Year                 Comparative factor   
2021 1.06
2022 1.18