Toronto Taxes
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Councillor says Toronto island tax system ‘smells of privilege’There are about 260 homes on Toronto's harbour islands and while the residents there don't own the land, it remains one of the most picturesque and desirable areas to live in.PoliticsFeb 29, 2024
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Toronto unveils proposed 10.5% tax hike in city budget for 2024City of Toronto's budget chief announced the 2024 budget unveiled Wednesday includes a 9% property tax increase and a 1.5% increase in the city building levy.PoliticsJan 10, 2024
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Mayor Chow: Overhaul of Toronto city services to begin within weeks"I've long believed we have to deliver fast, responsive and effective services. I think there is room for improvement," said Mayor Chow.PoliticsSep 13, 2023
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Toronto to tax luxury home sales, asks province for sales tax amid budget crunchThe vote saw council adopt the new graduated rate on the Municipal Land Transfer Tax for homes valued at $3 million and above and to lift a $5-per-hour cap for on-street parking.CanadaSep 7, 2023
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Chow sets out ‘first step’ in affordable housing plan, ups target by 25,000 homesToronto's executive committee supported the motion Chow tabled, which looks to get various agencies and corporations together to draft a plan to build public and community housing.PoliticsAug 24, 2023
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Toronto exploring new taxes, parking levy to tackle budget deficitMayor Olivia Chow has also urged the provincial and federal governments to give Toronto more financial support.PoliticsAug 17, 2023
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Should Toronto’s next mayor raise taxes? Some say they mustSome candidates have also pledged to continue property tax increases at the rate of inflation, a move John Tory had pledged to forge ahead with before his sudden departure.PoliticsMay 30, 2023
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‘Patience is running out’ over dragging Toronto construction projectThe project to replace streetcar tracks on Wellington St. East began in March 2021, but the city said the project was delayed after the discovery of underground utility conflicts.PoliticsJan 19, 2023
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Mayor announces Toronto’s residential tax rate will rise by 5.5%Mayor John Tory has announced that Toronto's residential tax rate will rise by 5.5 per cent, as the mayor continues to unveil the 2023 budget.CanadaJan 10, 2023
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Toronto could face ‘extreme’ service cuts, tax hikes without financial help, Tory saysToronto Mayor John Tory says the city could face "unprecedented" tax hikes and "extreme" service cuts unless the provincial and federal governments step in.PoliticsNov 10, 2022
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