Your Reactions
- We are seeing revolution and violent frustration from the money grab, by taxation of property and income. Local and national governments are falling out of favour with the people they serve, by the poor use of tax money and the liberal expenditure of money for meetings and travel etc. At the moment in other places and in Canada the people are becoming conscious and awake to the injustice administered by the leaders of many countries, Canada included.
Less or no land transfer tax will be a great start. Of course there is much more change required, and I anticipate that the power that exist in the present will not go quietly.
~ G.P. - The Land Transfer Tax is a formidable type of provincial sales tax that most home buyers don't budget for and unfortunately, it is a $50million dollar provincial revenue that falls on home purchasers alone to generate- the minority of Manitobans. Although removing the tax altogether would likely have negative consequences on our provincial budget, we would love to see a system of credit wherein the tax you pay on your first home purchase could be used as credit against the taxes paid on future purchases. This would ease the financial burden for home buyers and would still generate revenue for the province.
~ M. & E.
Land Transfer Tax Call to Action
When election candidates come to your door, you need to tell them that it is high time the gravy train stops and they find a new platform to make the tax more revenue-neutral and make it akin to a user fee like they have presently in Saskatchewan.
Ask your candidate why the government is targeting families so unfairly when it comes to buying a home. Moreover, challenge them on why would they make housing affordability an impediment by charging such a high upfront closing cost. It has clearly denied a number of buyers the opportunity to attain home ownership and build equity for their future financial well being.