The fight to eliminate Toronto’s unfair Home Buying Tax (Land Transfer Tax) is continuing. This tax hurts people when they can least afford it, like when you move because your family is growing and your household expenses are at their highest, or when your lifestyle changes in retirement and your income is fixed. Even many first-time home buyers, struggling to save a down payment, have to pay this tax. Toronto City Hall has collected over $300 million MORE than budgeted from this tax since it took effect. That’s not right.
SPEAK OUT NOW! Toronto City Council may be debating an initial cut to the Land Transfer Tax SOON. They need to hear from as many people as possible.
City Council has begun setting its 2014 Budget and will be debating what to do with the Land Transfer Tax VERY SOON. It is critically important that they hear from as many people as possible to convince them to move forward with phasing out the Land Transfer Tax.
Spread the Word
Go to http://www.LetsGetThisRightToronto.ca/now for quick and easy options to tell City Council to eliminate the Land Transfer Tax. It takes less than a minute. YOUR VOICE CAN MAKE A DIFFERENCE!
Make YOUR Voice Heard
- Click Here to go to TREB’s LTT campaign website where we have made it quick and easy for you to send an email to City Council. You can send an email even if you don’t live in Toronto. The site does all the work for you! It takes less than a minute! Click here NOW.
- The Toronto LTT forces home buyers of an average Toronto detached home to pay about $12,000 EXTRA, on top of the provincial land transfer tax. Studies show that this tax is responsible for dampening Toronto home sales by 16%.
- Other municipalities are considering implementing local land transfer taxes and they are watching what happens in Toronto.
- Home buyers are being over taxed: Toronto City Hall has collected over $300 million MORE than budgeted from the Land Transfer Tax since it took effect.
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