Montreal Home Sale Proceeds Calculator

This Montreal home sale proceeds calculator shows walk-away cash after commission and tax on the fee.

4–5% plus 14.975% GST and QST — Canada’s highest tax on commission. The buyer pays the deed notary; you pay the quittance and, if needed, a new certificat de localisation.

Expected sale price ($)

Mortgage remaining ($)

HELOC / second mortgage ($)

Property type

Total commission rate (%)

Notary (seller / quittance) ($)

Discharge fee ($)

Staging, repairs, moving ($)

Seller residency

Mortgage payout: -$240,000
Commission: -$27,500
Tax on commission: -$4,118
Legal / notary: -$800
Mortgage discharge: -$250
Staging, repairs, moving: -$1,500
Net proceeds: $275,832

Estimate only. The listing agreement, the payout statement, and the statement of adjustments are the numbers that actually close. Tax on commission is GST + QST (14.975%); it is not negotiable even when the rate is.

Preloaded at $550,000 with $240,000 still on the mortgage. At the typical 4% to 5% total plus GST + QST (14.975%), you keep about $275,832 after legal, discharge, and a modest prep budget — 50% of the sale price.

Selling in Montreal

Montreal brokers typically quote 4% to 5%. At 5% on $550,000 the fee is $27,500 plus $4,118 GST/QST, $31,618. Quebec’s 14.975% combined tax is the highest in the country. DuProprio listings are common, which is why quotes below 4% are not unusual on a well-priced property. Do not budget an Ontario-style $1,500 seller lawyer: the Chambre des notaires’ consumer explainer is that the buyer generally pays the deed, and you pay work done for you — especially the quittance.

Seller-side notary work is the hypothec quittance and your share of verifications. A certificat de localisation older than about ten years, or one that misses a shed or pool, is on you to replace. Municipal and school taxes are adjusted. The welcome tax is the buyer’s mutation duties.

Line items on a Montreal net sheet

Line	This preload	What it is
Commission + GST + QST (14.975%)	$31,618	4% to 5% total
Notary (seller / quittance)	$800	In Quebec the buyer usually chooses and pays the notary for the deed of sale. The seller pays the quittance that discharges the hypothec, typically a few hundred to about $1,200, plus a certificat de localisation if the old one is stale. That is not the $1,500 Ontario lawyer line that national calculators paste in.
Mortgage discharge	$250	The lender’s administrative fee to remove the mortgage from title, usually $200–$400, separate from any break penalty.
Syndicat documents	$150	The declaration of co-ownership, budget, and contingency-fund statements come from the syndicate. Fees vary; there is no Ontario $100 cap.

The mortgage break penalty

Quebec lenders still use three months’ interest or an IRD-style calculation on closed terms. Ask the caisse or bank for a written solde. FCAC’s $3,000 vs $12,000 example is the federal version of the same trap.

Open “Estimate mortgage break penalty” on the calculator. It uses FCAC’s greater-of-three-months-or-IRD rule of thumb. The payout statement from your lender is the number that actually closes.

Tax on the gain is not a closing-day line

Principal residence exemption is federal. Quebec also has its own tax on capital gains if the exemption does not apply. Non-resident s.116 withholding is 25% of gross proceeds until CRA certifies — Revenu Québec is a separate filing.

Ranking net sheets treat the exemption as automatic. CRA folio S1-F3-C2: a housing unit owned less than 365 consecutive days is a flipped property. The gain is business income, the exemption is not available, and a loss is deemed nil. Even a fully exempt sale still needs Schedule 3 and Form T2091(IND). Land in the exemption is usually capped at half a hectare.

CRA IC72-17R6: a non-resident certificate is prepaid at 25% of proceeds minus adjusted cost base — selling costs are not deducted. Without it the purchaser withholds 25% of gross proceeds. CRA can refuse the certificate if Underused Housing Tax filings are outstanding.

How Montreal compares

Same sale price across cities, so the bars move with commission structure and tax on the fee. Montreal is highlighted.

Sale price ($)

Commission at each city’s typical structure, plus that city’s default legal and discharge. Mortgage payout is omitted so the chart compares the cost of listing, not equity.

Frequently asked questions

How much do I take home when I sell in Montreal?

On a $550,000 sale at 5% plus 14.975% tax, commission is about $31,618 before the quittance and the hypothec payout. Mutation duties (welcome tax) are the buyer’s cost.

Do Montreal sellers pay the notary?

Usually not for the deed of sale — the buyer chooses that notary and pays those fees. You pay the quittance that discharges your hypothec and any work done specifically for you, typically a few hundred to about $1,200.

Why is tax on commission so high in Quebec?

GST 5% plus QST 9.975% is 14.975%. Ontario is 13% HST. BC and Alberta are 5% GST. The fee itself is negotiable; the tax rate is not.

Do I pay tax on the gain if this is my home?

Usually no, if it was solely your principal residence for every year you owned it. You still have to report the sale on Schedule 3 and file Form T2091(IND). Land in the exemption is usually capped at half a hectare. A house owned less than 365 days is a flipped property: the gain is business income, the exemption is not available, and a loss is deemed nil. Quebec has its own rules when the federal exemption does not apply.

More Montreal resources

Sharing the lease? The Montreal rent split calculator splits by equal share, income, square footage, or hybrid, with this city's sitting rents by bedroom.

Underwrite the rental before you offer. The Montreal cap rate calculator is preloaded with CMHC vacancy, sitting two-bedroom rent, and this city's mill rate.

Choosing between markets? The Montreal city comparison puts prices, land transfer tax, monthly costs, and climate next to another Canadian city.

Selling at the same time? The Quebec real estate commission calculator estimates realtor fees and the tax charged on them.

Sale proceeds calculators for other cities

Sources

Commission structures are market conventions checked against this site’s provincial calculator, not a legal tariff. Legal and discharge figures are typical ranges, not quotes. Confirm with your listing agreement, lawyer or notary, and lender before you list.