#MLTTSAYNO - Say NO to New Municipal Land Transfer Taxes
LTT Could Spread!
•The provincial government has been reviewing the powers of Ontario municipalities and is seriously considering giving ALL municipalities the ability to charge a second land transfer tax, on top of the provincial land transfer tax.
•Currently, only the City of Toronto has the authority to levy this tax, but officials in other municipalities have expressed an interest to do so if they are given the option.
•NEW Municipal LTTs could affect the real estate market. If a new MLTT is implemented similar to the City of Toronto, the purchaser of an average home in Durham Region could face almost $10,000 in land transfer taxes!
•Polling by Ipsos Reid shows that over 82% of residents in the Pickering, Whitby, and Oshawa area oppose this tax.
ACT NOW - Say NO to New Municipal Land Transfer Taxes
You can help NOW to prevent the spread of the Land Transfer Tax! Visit www.DontTaxMyDream.ca to quickly and easily send a message to your MPP telling them that you oppose new municipal land transfer taxes. It only takes one minute of your time, but makes a big difference in our efforts.
Jim Stanton Broker
Sutton Group - Heritage Realty Inc. Brokerage