10/03/2026
🚨 TORONTO HOME BUYERS — A TAX CHANGE COULD MEAN THOUSANDS IN SAVINGS.
A Toronto mayoral candidate has proposed eliminating the Municipal Land Transfer Tax (MLTT) on the first $1.1 million of a principal residence purchase.
If implemented, eligible buyers could potentially save up to $18,000 on the municipal portion of the land transfer tax.
But there’s a bigger question: what would this mean for Toronto’s municipal revenue and the overall housing market?
Buying a home? Understanding the taxes, rebates and incentives that apply to your purchase can make a major difference. 🏡
📩 Have questions about land transfer tax, rebates or your home purchase? Connect with Sifra Tax.