It has nothing to do with a welcome: the name comes from minister Jean Bienvenue, who created it in 1976. The bill arrives by mail a few weeks after the purchase and cannot be rolled into the mortgage, so budget it separately within closing costs.
Since January 1, 2026, Quebec offers first-time buyers a tax credit of up to $5,875 that offsets part of this tax. The conditions and how to claim it are explained on the blog.