Tax

On June 22, Hamilton Councillor A. Johnson filed a notice of motion regarding a Municipal Land Transfer Tax (MLTT).  The motion, if passed on July 8, would instruct City staff to investigate the pros and cons of asking the Province for special taxation powers.

Come out to City Hall on July 8 at 9:30 a.m. to show your opposition to this tax.

According to the report Potential Economic Implications of the Municipal Land Transfer Tax in the Selected Ontario Municipalities conducted by Altus Group Economic Consulting, the economic impacts of an MLTT in Hamilton alone are predicted as follows:

  • Loss of $342 million in economic activity
  • Loss of 2,240 jobs
  • Loss of $116 million in wages and salaries

For more information, visit http://donttaxmydream.ca/.