Quebec Welcome Tax Refund 2026 for First-Time Home Buyers

What is the Quebec Welcome Tax Refund 2026?

The Government of Quebec has introduced a new program in 2026 to support first-time home buyers in Quebec. Under this initiative, a portion of the Welcome Tax (real estate transfer tax) paid at the time of purchase will be refunded through a refundable tax credit. The program applies retroactively to January 1, 2026, meaning buyers who purchased earlier in the year may also qualify.

The main goal is to reduce upfront costs and make it easier for new buyers to enter the real estate market, especially in cities like Montreal.

How much is the Welcome Tax refund?

Under the Quebec Welcome Tax refund 2026, buyers can receive up to $5,875:

• 100% refund on the first $5,000

• 25% of the remaining amount, up to $875

On average, buyers are expected to receive around $3,700, which can significantly reduce the cost of buying a home in Montreal.

Who qualifies for the Welcome Tax refund in Quebec?

To qualify:

• You must be a first-time home buyer (no ownership in the last 4 years)

• All buyers must meet this condition in joint purchases

• Property value must be under $750,000 for full benefit

• The credit phases out up to $1 million and is eliminated above that

Impact on the housing market

This program complements federal initiatives such as the Home Buyers’ Plan. It aims to improve affordability and reduce the financial burden on buyers. However, some experts suggest it may increase demand in the market.

Is the Welcome Tax refund worth it?

Overall, the Quebec Welcome Tax refund 2026 is a valuable opportunity for first-time buyers. While it does not eliminate all costs, it provides meaningful financial relief.

If you are planning to buy a home in Quebec, this program should be part of your financial planning strategy.