Toronto Land Transfer Tax Update

LTT Major Part of Budget Debate

While TREB’s efforts succeeded in making action on the Land Transfer Tax a major and central part of City Council’s 2014 budgetary debate, unfortunately, City Council chose not to proceed with a cut in the Land Transfer Tax with the 2014 budget. Nevertheless, TREB’s efforts made significant accomplishments, which moved this issue forward in a very significant way and are cause for optimism on this issue in the year ahead during the upcoming municipal election campaign.