Definition : Real-estate tax - Municipal taxes

Tax to be paid to the municipality by a co-owner in respect of a private portion (such as, an apartment or parking). Common portions and common portions for restricted use are not subject to such property taxes, as they are already a portion of the unit of assessment constituted by the private portion (article 1050 of the Civil Code of Québec and article 41 of the Act respecting municipal taxation). Such taxes are the main source of revenue to fund expenses related to services such as water, sewer, police, fire protection, cultural activities, roadwork or waste and snow removal

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Transfer duties, commonly called “welcome tax” implemented in 1976 by the then minister for Municipal affairs, Guy Tardif. An “urban myth” falsely attributes the parenthood of this tax to the liberal minister Jean Bienvenue. (Bienvenue means “welcome” in French). An additional source of revenue for cities and municipalities, the tax requires you, as the new owner, to pay duties on the acquisition of real estate. It applies to transfers of any new or used building and land, unless exempted by Law. Any new owner has 30 days to pay his transfer duties from the receipt of an invoice asking him to pay. Generally, this invoice is sent a few weeks after the acquisition of the apartment.  
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