Standardized value : Standardized value

Definition : Standardized value

The value of the property fixed by the municipality multiplied by its comparative factor. You may find the comparative factor applicable in the municipality in which you are purchasing a property by consulting the web site of the “Ministère des affaires municipales et de l'Habitation” (Ministry of Municipal Affairs and Housing).

29/05/2015

Transfer duties

The Act respecting duties on transfers on immovables obliges local municipalities to collect a duty on the transfer of any immovable situated on their territory. Taxable to the purchaser, this right is called "welcome tax" not to qualify a sign of hospitality but in memory, perhaps a little in derision,…...

Purchase

Definition : Standardized value

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Transfer duties