OREA’s 2015 Pre-Budget Submission

Last week OREA made a presentation to the Standing Committee on Finance and Economic Affairs and the Minister of Finance.

The submission outlines what Ontario REALTORS® want to see included in the 2015 Ontario Budget. OREA recommends:

Ontario should stay on track to balance the budget by 2017/18;
Reject a municipal land transfer tax as a new revenue tool for municipalities;
Allow real estate salespeople to form person real estate corporations (PREC) by making the necessary legislative changes to the Real Estate and Business Broker Act, 2002;
Create a province-wide registry of former marijuana grow operations and clandestine laboratories; and,
Help encourage brownfield property redevelopment by creating a new tax category for brownfield properties that are under remediation.

Click here to see our full submission

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OREA’s 2015 Pre-Budget Submission