B.C. reports high returns on speculation tax forms, 99 per cent will not pay tax
Owners not exempt from the tax must pay their assessed amount by July 2. Continue reading
Property Tax
City committee to debate London’s upcoming multi-year budget
City staff are proposing a 2.7 per cent tax levy increase, the current rate of tax hikes for London’s 2019 budget year. Continue reading
London city committee recommends lower tax increase than expected for homeowners
The committee is recommending an adjustment of tax ratios that would see residential property taxes increase by 1.2 per cent, down from the 2.7 per cent originally expected. Continue reading
Vancouver council approves 2% tax shift from businesses to homeowners
By Simon Little Online Journalist
“If small businesses, local businesses are important to you, you can’t keep increasing taxes like this. It’s putting us right out of the market.” Continue reading
Calgary city council set to finalize 2019 tax rates on Monday
By Carolyn Kury de Castillo Reporter
Some Calgary’s jobs in business revitalization zones are in jeopardy if something isn’t done to ease the tax burden on businesses, according to local business groups and city councillors. Continue reading
Online house-sitting service exposes possible loophole in Vancouver’s foreign buyers tax
The Craigslist ad offers house-sitting services to people looking to avoid the 15 per cent extra tax. Continue reading
‘Unprecedented situation’ at city council could see $500 a year increase on average Calgary home
By Carolyn Kury de Castillo Reporter
One solution to plunging downtown property values would see homeowners getting a $500 a year tax hike. Continue reading
New Brunswick property tax causing investor exodus
New Brunswick is the only province in Canada with non-owner occupied tax. As the demand for rental housing nationally outpaces ownership, the New Brunswick Real Estate Association is advocating for a change in legislation. Continue reading
Toronto city council approves 2019 budget, 2.55% property tax hike
City staff say residents who have a home assessed on average at $665,605 will pay $104 more than 2018 in property taxes. Continue reading
Guelph approves 2.69 per cent property tax increase in 2019 budget
By Matt Carty Reporter
Council approved a motion on Tuesday to reduce the dedicated infrastructure tax levy from 1.5 per cent to one per cent. Continue reading