A Tax on a Tax? The Latest in Toronto Real Estate!

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.

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