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.
All information on this site is copyright © 2011 Toronto Real Estate Board.
All rights reserved. Although TREB endeavours to ensure the accuracy and timeliness of information, it is not guaranteed.
TREB accepts no responsibility for any loss arising from any use or reliance on the information contained herein. Privacy Policy