Thompson Says Opposition Killed Tax On Home Ownership
Queen’s Park– This afternoon, Lisa Thompson, MPP for Huron-Bruce, stood in the Legislature to congratulate and thank the more than one hundred Huron-Bruce constituents for joining her in opposition of the Liberal government’s Municipal Land Transfer Tax (MLTT).
“I am glad to see that the Liberal government has finally listened to the concerns of the people of Ontario on this issue and killed their ill-advised plan to allow Ontario municipalities the opportunity to charge an additional land transfer tax,” said Thompson.
If implemented, the MLTT would have given municipalities the power to charge a new land transfer tax, and (based on tax the City of Toronto applies), new home owners could have been on the hook for an increase of land transfer taxes on an average home of more than $10,000.
“I would also like to congratulate Ontario PC Deputy Leader Steve Clark (MPP for Leeds-Grenville) for his ongoing efforts to give home buyers a break” added Thompson. “By introducing a motion to stop the Liberal government from imposing a new municipal land transfer tax, the pressure was on the government to reconsider the financial burden of the MLTT”.
“I am happy with today’s decision, and the public outcry we heard shows that life in Ontario is no longer affordable for many people. We cannot stop here. There is much more to do to make Ontario an affordable, prosperous province once more, and I will continue to fight on behalf of Huron-Bruce”.
You can listen to Lisa’s statement below:
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