NO ADDITIONAL MUNICIPAL LAND TRANSFER TAX!

NO ADDITIONAL MUNICIPAL LAND TRANSFER TAX!

The Ontario provincial government will not give municipalities the ability to charge a municipal land transfer tax (MLTT).

Below is a portion of copy of the Minister’s statement:

“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 to communicate our government’s position, 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.