If you thought Toronto real estate taxes were too low, then you can file the following under ‘good news’. In February, the City of Toronto approved a Municipal Land Transfer Tax (“MLTT”) Administration Fee, for transfers registered on title on or after April 1, 2016. The fee will be $75.00 plus HST, which of course is an additional tax, at a total of $84.75.
This article was originally posted in 2013 and updated in 2016.
“…you shall love your neighbour as yourself.”
“Good fences make good neighbours”
-17’th century proverb
Algernon: “Got nice neighbours in your part of Shropshire?”
Jack: “Perfectly horrid! Never speak to one of them.”
-Oscar Wilde. “The Importance of Being Earnest”, Act I.
The above quotations suggest two things: The first is that good neighbourly relations have taken a turn for the worse over the last few millennia. The second, which is probably closer to the truth, is this: Getting along with our neighbours does not come naturally. Therefore, we may need to physically separate ourselves from our neighbours in order to get along with them and, even then, we may still fail. Read more →