Land Transfer Tax in Toronto – A Short History

Up until April of 1974, Ontario didn’t have a significant land transfer tax. Then, our (Conservative) government of the day gently introduced LTT to property buyers. April 10th, 1974: 0.3% up to $35,000.00, and 0.6% on the balanceAverage house price was $52,806.00Average LTT was $211.84. Five years later, it got worse. April 11th, 1979: 0.4% […]

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