These are fees to increase revenue. There are certain fees charged by the government that are cost recovery. Thank you.
Louis Sebert
Legislative Assembly photoRoles
In the Legislative Assembly
Elsewhere
Crucial Fact
- His favourite word was land.
Historical Information Louis Sebert is no longer a member of the Legislative Assembly.
Last in the Legislative Assembly September 2019, as MLA for Thebacha
Lost his last election, in 2019, with 6% of the vote.
Statements in the House
Just to clarify, when I said $500,000, that would be the amount per year that we would be getting after the three years, so it would ramp up to that amount, I assume.
I am not sure if I understood the other portion of the question. I was having a bit of trouble listening. Perhaps it could be repeated?
I might ask Mr. Aitken to help me with this, but I believe that it is going to be about $500,000 after the three years.
Yes, that's likely. Thank you, Mr. Chair.
Yes, that's correct, Mr. Chair. Thanks.
Yes, of course. The fees are phased in over three years. The fee could be imposed when you buy a property, certainly, but it could also be imposed when a mortgage is registered. That might not always be when you buy a property; there could be remortgaging, for example. Thank you.
The fees had not been changed in many, many years, and we thought it wise to update the fees.
It is an increase of fees, of course, but it is not a land transfer tax.
Thank you, Mr. Chair. To my right is Mr. Mark Aitken, assistant deputy minister of Justice. To my left is Ms. Laura Jeffrey, legislative counsel. Thank you.