The filed record
Municipal Land Transfer Tax Rebate for First-Time Home Buyers
The Public Gallery wrote no story on this item. What follows is the city’s own record of what happened to it, as filed: nothing on this page is summarised or scored by us.
The decision
2020-06-29 · Toronto City Council · referred
As filed
City Council on June 29 and 30, 2020, referred Item EX14.5 to the November 17, 2020 meeting of the Budget Committee for further consideration.
On the agenda
As the city filed it
City Council directed the Chief Financial Officer and Treasurer to report to the April 1, 2020 City Council Meeting on opportunities to provide First-Time Home Buyer with greater relief from the Municipal Land Transfer Tax. This includes the maximum price eligibility threshold of $400,000 to reflect increased home prices in Toronto. The rebate offsets the tax on up to $400,000 of the purchase price.
Staff recommended
The Chief Financial Officer recommends that: 1. City Council receive this report from the Chief Financial Officer and Treasurer for information.
Considered
2020-06-22 · Executive Committee · adopted
Decision as filed
The Executive Committee recommends that: 1. City Council receive the report (June 8, 2020) from the Chief Financial Officer and Treasurer for information.
2020-06-29 · Toronto City Council · referred
On the record
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