For Immediate Release
December 1st, 2015
Mayor Crombie Responds to Land Transfer Tax Debate
The following is a statement by Mississauga Mayor Bonnie Crombie in response to news that Municipal Affairs and Housing Minister, Ted McMeekin, will not proceed with a Municipal land transfer tax for Ontario municipalities:
“I welcome today’s news that Minister McMeekin will not move forward with granting municipalities a land transfer tax. The Minister’s actions are in line with Council’s opposition to this tax.
“Mississauga, like all Ontario municipalities, is heavily reliant on property taxes as a source of revenue. We recognize the need for additional revenue sources to deliver quality services but we must be equally committed to keep property taxes affordable.
“For these reasons, a land transfer tax is not the answer.
“I want to again thank Minister McMeekin for providing Council the opportunity to make a submission as part of the Municipal Act, 2001, Five-Year Provincial Review.
“Council’s recommendations will help ensure we have the financial tools to invest in local priorities including building infrastructure, expanding public transit and improving the quality of life for residents.
“As part of our submission, Mississauga City Council passed a motion regarding extending tax authority to municipalities, including the authority to collect sales taxes and receive a share of income tax revenues.
“We remain committed to partnering with the Wynne government to better shape the future of Mississauga.”
-30-
Please click here for a link to a Council motion in opposition to a land transfer tax (bottom of page 18).