It appears that Mayor Miller's new plan to tax the good citizens of Toronto will pass today. The people most affected are owners or potential buyers of real estate. As with all good taxes it disproportionately taxes wealther suckers. Real estate under $400,000 ( condo's) will be taxed at 0.5% of sales value while property over $400 is taxed at 2%. A modest house in TO is what $600,000 so if you sell don't forget to write Davis that cheque for $12,000.
Technically McSquint is not increasing taxes but it his government that passed the legislation allowing TO these broad taxing powers to gouge the public. Hey why bother controlling expenses when you can just raise taxes?
Glad I moved to 905 years ago. If you leave now they get to take a chunk outta your hide on the way out the door. You guys have no one to blame but yourselves
Technically McSquint is not increasing taxes but it his government that passed the legislation allowing TO these broad taxing powers to gouge the public. Hey why bother controlling expenses when you can just raise taxes?
Glad I moved to 905 years ago. If you leave now they get to take a chunk outta your hide on the way out the door. You guys have no one to blame but yourselves