Welcome guest.  ( Sign in )

Government has decided on Municipal land transfer tax

December 2, 2015 - Updated: December 2, 2015

 

Today is a great day for Ontario residents!

 
We welcome the news that was delivered this morning by Ted McMeekin, the Minister of Municipal Affairs and Housing, when informed the legislature that the government will not give municipalities the ability to charge a municipal land transfer tax (MLTT).
 
Below is a copy of the Minister's statement:
 
Our government has a strong record of supporting Ontario's 444 municipalities. We believe it's important to have a good working relationship with our municipal partners to ensure that they are able to provide the services their communities need. This year alone, as a result of the combination of provincial uploads and other supports, Ontario's municipalities are receiving a combined benefit of more than $3.7 billion.
 
My job as Minister is to be a voice for our municipal partners. And that means listening carefully to our partners and stakeholders. That's why, following every municipal election, the province undertakes a regular review of the Municipal Act. We consulted with a wide range of stakeholders during the Municipal Act review period that ended on October 31.
 
While we are currently reviewing the feedback from our partners, it is clear is that there has been no call for a Municipal Land Transfer Tax. I was pleased communicate our government's position today, that other than in Toronto, where the power already exists, our government will not be extending Municipal Land Transfer Tax powers to other Ontario municipalities.
 
In short, the government has listened to our campaign and agreed that the MLTT was the wrong tax for Ontario municipalities. In doing so, you, Ontario REALTORS®, have helped stop one of the largest tax increases on home ownership in a generation. It is one of the biggest government relations wins in our association's history. Congratulations everyone!
 
Congratulations to the DRAR Members for putting your support behind this campaign when it was most needed. Congratulations to OREA's government relations team who has worked exceptionally hard to make this day happen. OREA will be circulating some materials in the very near future about how members and boards can reach out to MPPs.
 
Kind regards,
 
Sandra O'Donohue
2015 DRAR President

Tagged with: municipal land transfer tax
| | Share

Leave a comment...

Please enter the numbers found on the right.

Ever wonder what is the difference between Chattels and Fixtures?

Originally posted on: July 21, 2016
Last updated on: July 21, 2016
Filed under: chattels fixtures
Chattels versus fixtures Many clients don’t understand the distinction between chattels and fixtures. A chattel i ...

Condo Building in GTA low risk

Originally posted on: July 20, 2016
Filed under: condo risk cmhc
Condo building in GTA is low risk says CMHC by Steve Randall20 Jul 2016 Overbui ...

How about these for homes!

Originally posted on: July 12, 2016
Last updated on: July 12, 2016
Filed under: tree house homes
Which one do you like best? Amazing treehouses you'll want to call home! ...

Home Pricing up in GTA on average $107,000 in a year

Originally posted on: July 7, 2016
Filed under: home pricing gta
Average GTA home price up $107,000 in a year! HomeMarket Update by Steve Randall07 Jul 2016 ...

Happy Canada Day Weekend!

Originally posted on: June 30, 2016
Filed under: canada day weekend
The following is the history of Canada Day. Happy Canada Day weekend everyone and be safe! History of Canada Day Canada&rsquo ...


Durham Bungalows
Brokerage
Independently owned and operated.

420 Green Street #105
Whitby, ON L1N 8R1


Phone: 1-905-995-0460
Powered by Lone Wolf Real Estate Technologies (CMS6)