sousa: By Robert Benzie Queen Park Bureau Chief Rob Ferguson Queen Park Bureau Mon., Nov. 14, 2016 Finance Minister Charles Sousa is giving first-time home buyers a land transfer tax rebate of up to 4,000, according to The Toronto Star. Sousa used Monday fall economic statement to announce the tax break for eligible purchasers is being doubled from 2,000. The province Tory finance critic calls the announcement by the Liberals a distraction. The treasurer said the measure funded by hiking rates on houses selling for more than 2 million will have more impact outside the Greater Toronto Area overheated housing market, but stressed every little bit counts. Asked if the city of Toronto the only municipality that is allowed to charge a separate land transfer tax should follow the province lead, Sousa said that up to council. It not going to change their capacity to pay; it not going to change their ability to afford the home; it is going to provide an added boost, he told reporters.
(news.financializer.com). As
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