You know what, if they plan to give you 75% rebate on the 8%, why would they even ask people to pay it first? They could simply just charge them 2% only. That's it! It's just creating more paper work for them, and for the public. More paper work means more work thus more expenses. And then, they are going to make another excuses to raise taxes because they need to hire more people to handle the paper work. F*** them all the way up! If Dalton still ask people who buy new property to pay tax up front first, I'll make sure that my vote is going for someone else on the next election.
I don't understand why they don't plan to charge HST for re-sale home as well. He should know that new homes create businesses and new employments. Just watch the new housing market go down, construction companies lay off workers, and etc. Who's going to buy a new property if they can buy a re-sale home without paying 8% extra? I would rather to spend my money on re-sale that is for sure. Instead of thinking of raising taxes here and there, Dalton should use his brain to deal with matters such as the city strikes. In my life, I have never seen city worker strike as big as the ones in Toronto. Someone needs to be fired that is for sure for not doing the job right.
At the end of my frustation, I hope they will be SMART and WISE enough to completely exempt any new home purchases under $400k. If they still go for the retarded rebate system, Ontarians will be in big trouble. We need to start un-elect the retards in the office, and replace them with the sensible ones. GOD help us.
Thank you for the link Probey.
