STOP THE MISSISSAUGA LAND TRANSFER TAX
Mississauga City Council is considering a Mississauga Land Transfer Tax on top of the Provincial Land Transfer Tax. If approved, this could cost the buyer of an average Mississauga detached home more than $10,000, payable upfront!
CLICK HERE TO SEND AN EMAIL TO MAYOR MCCALLION AND ALL MISSISSAUGA CITY COUNCILLORS AND SAY NO TO A MUNICIPAL LAND TRANSFER TAX!
CLICK HERE TO SEND AN E-MAIL TO SPREAD THE WORD AND ASK YOUR CONTACTS TO ALSO SPEAK OUT AGAINST THIS TAX!
- A Mississauga Land Transfer Tax is unfair because it targets people who need to move: downsizing seniors, growing families, etc.
- A Mississauga Land Transfer Tax will dampen Mississauga home sales. As reported by the CD Howe Institute in a research report, Toronto home sales are 16 percent lower than they should be as a result of the Toronto Land Transfer Tax. A similar effect in Mississauga would mean lost jobs for Mississauga’s economy because of reduced consumer spending on renovations, movers, furnishings, etc.
- A Mississauga Land Transfer Tax would reduce Mississauga’s Competitiveness. Mississauga has a competitive advantage without a Mississauga Land Transfer Tax. A recent poll conducted by Ipsos Reid found that 75 per cent of GTA residents are more likely to move outside of Toronto to avoid paying the Toronto Land Transfer Tax. A Mississauga Land Transfer Tax would mean that Mississauga would lose this advantage.
- Creates hardship for families.
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