Mike Smyth: NDP wallops owners of pricey homes again
People who own very expensive homes got walloped by the provincial taxman last week and the NDP government figures you won’t have much sympathy for them.
The tax grab is a double whammy: The government jacked up the property-transfer tax and the school tax on homes valued at $3 million or more.
The transfer tax kicks in when the home is sold and must be paid by the buyer. It potentially hurts the seller, too, if it erodes the asking price for the home.
The more immediate hit is the annual
Read more »