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| Goodbye to Toronto Land Transfer Tax? |
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| Written by Joy Paterson |
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Another statistic conducted by the Canadian Real Estate Association demonstrated that one out of every 100 jobs is related to the spending associated with re-sale housing sales. This translates into approximately 14,000 jobs in the City of Toronto that depend on re-sale housing transactions. With the considerable amount of people whose livelihood is directly impacted negatively by the taxes related to real estate purchases implemented by both Dalton McGuinty and David Miller, it is with extreme optimism that Toronto City council will take into consideration the positive impact that the elimination of Toronto's Land Transfer tax would have on Toronto's economy as a whole. * Stats from TREB – Torontonians want Toronto Land Transfer Tax Repealed: Poll, Toronto, March 30th, 2009. Joy Paterson |
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