As a real estate agent I often am present at the notary for the signing of the act of sale where the deed of ownership trades hands from seller to buyer. The dreaded Welcome Tax is one of the costs I always discuss with clients who are purchasing a home. It does sometimes still come as a shock to many buyers when the notary announces that the buyers will be responsible to pay thousands of dollars in Welcome Tax. Otherwise known as the Tax de Bienvenue, or more formally the Droit de Mutation / Duty on the Transfer of Immovables in Quebec.
Find out more about one of the largest taxes you might pay when you buy a home, the dreaded Welcome Tax!