Repeal the Toronto Land Transfer Tax


If you purchase a property in Ontario you're responsible for paying the Provincial Land Transfer tax (PLTT), along with the Toronto Land Transfer Tax (TLTT).

Most people including myself belive it's not fair that Torontonians have to pay more money to purchase a property within Toronto than compared to any other city or municipality in Ontario.

For example look at the total land transfer tax payable on a property worth $450,000 located in Toronto vs anywhere else in Ontario.

  Toronto Ontario
PLTT $5475 $5475
TLTT $4725 0
Total $10200 $5475

It would cost an additional $4725 dollars to live in Toronto.

Here's what some Toronto residents have to say about the Toronto Land Transfer Tax.

For more information checkout http://www.letsgetthisrighttoronto.ca 

Courtesy of Farhan Mohamed

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