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This tax is payable by the buyer and is calculated as follows:
- 0.5% of the first $50,000;
- 1% of the next $50,000 to $250,000;
Province of Quebec, outside Montreal :
1.5% of the next $250,001.
For Montréal (as of January 26, 2010):
- 1.5% of the next $250,000 to $500,000.
- 2% of any portion exceeding $500,001