Toronto city council voted to bring in a new surtax on high-value home sales while asking the provincial government for sales tax revenue to help tackle a looming budget crunch. Mayor Olivia Chow says...
Which is fine if the city is bringing in enough money. But this says it is not. The tax rate is simply not high enough.
It doesn’t really matter how much the homes are worth. That is only used to define the proportional share each owner must pay. It does not define the grand total.
Which is fine if the city is bringing in enough money. But this says it is not. The tax rate is simply not high enough.
It doesn’t really matter how much the homes are worth. That is only used to define the proportional share each owner must pay. It does not define the grand total.