Are closing costs tax-deductible?

Most aren't deductible as expenses — they're added to the property's cost base, which reduces capital gains tax when you eventually sell. The exception: investors can deduct certain inspection/legal fees in the year of purchase if directly tied to acquiring an income property.

When is each fee actually paid?

Notary, inspection, title insurance, and adjustments are paid at closing. Welcome tax is billed by your municipality 3–6 months later. Make sure you reserve cash for the welcome tax — many first-time buyers spend it.

Do I need title insurance in Quebec?

It's not legally required, but lenders often require it for insured mortgages. Even without that, it's relatively cheap insurance against survey defects, encroachments, or fraud — typical premium is $200–400 one-time.

How accurate is the notary estimate?

Most Quebec notaries charge $1,200–2,000 for a standard residential transaction. Complex deals (estates, divorces, multi-property closings) cost more. Always get the notary's quote in writing before closing.

Does this include the down payment?

No. Closing costs are *in addition* to your down payment. Budget for both: a typical Quebec buyer needs the down payment plus another 1.5–4% in closing costs available at the time of signing.

What about CMHC, GST, QST?

Not included here — they're separate. CMHC premium (only if down payment < 20%) is added to your loan, not paid in cash. GST/QST only apply to new construction or substantial renovations sold by a builder. Use our specific calculators for those.

Closing costs · Quebec

Every fee due when you close.

Quebec closing costs add up to roughly 1.5–4% of purchase price. This calculator rolls up the welcome tax (with city-specific brackets), notary, inspection, title insurance, and the typical adjustments — so you know your true cash-to-close.

Assumptions

Purchase price

Municipality

Notary fee

Typical Quebec notary: $1,200–2,000 depending on transaction complexity.Home inspection

Typical: $500–800. Skip for new construction.

Title insurance

Optional but recommended. Typically $200–400 one-time.Tax adjustments

Reimburse the seller for prepaid taxes (often $500–2,000 depending on closing date).

Results

Total closing costs

$10,183

Welcome tax$6,483

Notary$1,500

Inspection$700

Title insurance$300

Tax adjustments$1,200

As % of price1.9%

Foncier the whole deal

This number is one of seventy.

Cap rate is a start. The full Foncier analyzer adds DSCR, IRR, ten-year cashflow projections, scenarios, side-by-side compare, and live community rent comps — for free, on your first three deals.

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How this is calculated

Welcome tax (droits de mutation) is computed bracket-by-bracket using the provincial schedule and the city's top tier. Other line items use Quebec market averages — adjust them to match your notary's quote.

Worked examples

Quebec closing costs on common purchase prices.

Montréal duplex · $550k

~$8,800 (1.6%)

On a $550,000 Montréal duplex: $4,128 welcome tax (Montréal brackets) + $1,500 notary + $700 inspection + $300 title insurance + $1,200 tax adjustments + ~$1,000 misc. Total around $8,800 in cash to close.

Welcome tax$4,128

Notary$1,500

Other~$3,200

% of price~1.6%

Sherbrooke triplex · $400k

~$5,700 (1.4%)

On a $400,000 triplex outside Montréal: $3,651 welcome tax + $1,400 notary + $650 inspection + no title insurance. Total ~$5,700 — closer to 1.4% of price since the welcome tax brackets are gentler outside Montréal.

Welcome tax$3,651

Notary$1,400

Other~$650

% of price~1.4%

Closing costs questions

About Quebec closing costs.

Most Quebec residential closings run 1.5–4% of purchase price. The biggest line is welcome tax (50–70% of the total), which scales steeply with price. Add CMHC premium and GST/QST for new builds.

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