Question
Sean purchased a condo in Brossard on Montreals South Shore near Dix30 for $550,000. What would be his land transfer tax (taxe de bienvenue)? See
Sean purchased a condo in Brossard on Montreals South Shore near Dix30 for $550,000. What would be his land transfer tax (taxe de bienvenue)? See the chart below for the applicable rates.
| Amount | Rate |
| $50,000 | 0.005 |
| $250,000 - $50,000 | 0.01 |
| Over $250,000 | 0.015 |
Points: 1
- $7,000
- $6,750
- $3,250
- $9,750
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Financial Management Principles And Applications
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
10th Edition
0131450654, 9780131450653
