Last month, Catherine Fife, the MPP for Kitchener-Waterloo, sent a letter to the Minister of Finance, the Honourable Charles Sousa, in support of personal real estate corporations.
In her letter, MPP Fife states, “The NDP recognizes that the current law is inconsistent in its treatment of real estate professionals relative to similar professions… New Democrats look forward to seeing the bill move through the legislative process. ”
Bill 69, Tax Fairness for Realtors Act, 2015, was re-introduced this past February by MPP Todd Smith (PC) and co-sponsored by MPP Mike Colle (Liberal). With MPP Fife’s letter the bill now enjoys support from members within all three parties.
OREA looks forward to working with MPPs to move this issue forward.