Welcome Tax Credit: What Property Buyers Need to Know
Great news for first-time buyers! Since January 1, 2026, the Quebec government offers a refundable tax credit for welcome taxes (land transfer duties). Here's what you need to know.
💰 How Much Can You Get Back?
The tax credit allows you to recover:
- 100% of the first $5,000 in welcome taxes
- Plus 25% of the excess amount (up to an additional $875)
- Maximum total: $5,875
Real example: You buy a house for $800,000 and pay $8,000 in welcome taxes. You'll get back $5,750!
✅ Are You Eligible?
You can benefit if:
- It's your first purchase (no property in the last 4 years)
- You bought since January 1, 2026
- Your family income meets the established thresholds
- The property is worth less than $1 million
📋 How to Get It?
It's simple:
- Keep your welcome tax payment receipt
- Enter the amount in your tax return
- The refund will be automatically calculated
⏰ Retroactive Since January 2026
Did you buy your home in January, February, or March 2026? No problem! The measure is retroactive to January 1, 2026. You can claim your credit in your next tax return.
💡 Our Tips
- Keep all your documents in a safe place
- Consult a professional to maximize your savings
- Plan your budget taking this refund into account
Frequently Asked Questions
Q: How long do I have to wait to receive my credit?
A: The credit will be applied when processing your tax return, usually a few weeks after filing.
Q: Does this apply to condos too?
A: Yes! All types of residential properties are eligible.
Q: Do I need to make a special application?
A: No, just indicate the amount in your tax return.
In Summary
This new tax credit can save you up to $5,875 on your welcome taxes. It's a significant boost for accessing homeownership! Make sure to keep your documents and consult a professional to take full advantage.
Need help with your purchase project? Don't hesitate to contact us!