Toronto’s new taxes

Toronto has recently passed two new controversial taxes in city hall - a tax on land transfers, and another one on vehicle registrations. It has been months since this long debated issue came arise. (Originally posted on July 18/07, here)

Mayor Miller’s take: “it is a very difficult decision.” he said the vote poses a “fundamental question” for the city: “Is this city government going to have the resources and the ability to invest, not just to maintain services, but to invest [in new services],” he said. Mr. Miller responded to oppositions by saying “these taxes are fair and reasonable,” convinced that a “yes” vote will help the city push even harder for the province to upload social services now partly paid by local property taxpayers.

The tax on land transfers (up to 2-percent) and a $60 fee for vehicle registrations is expected to raise the city about $180-million to $200-million for 2008.

My take: “You spend like New York, but you aren’t New York!” (agreeing with a lobbyist who was escorted out by security guards for loudly interrupting Miller with the above statement)

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    2 Responses to “Toronto’s new taxes”

    1. Good Afternoon,
      I am writing with the hopes of securing an interview opportunity for the founder of SOHO Business Group with the aim to drum up support for the SOHO-SME Business Conference & Expo held on Tuesday October 30th at the Fairmont Hotel Vancouver. Not only is this a great opportunity for small businesses to take advantage of the resources and information that SOHO’s featured keynote sessions and networking functions provide, but with the Canadian dollar creating a resounding shift in our nation’s economic future, this event offers small business owners a timely opportunity to discuss competitive issues with Canadian business leaders to re-assess their business models.

      Please let me know if you’d be interested in conducting a web based interview with Mo Somani. As the founder he has a great deal of experience in the BC Small Business network, and can also arrange to include some of the conference’s key note speakers. With the shift in paradigm due to the Canadian dollar reaching parity, Tuesday’s event is a great opportunity for small business owners to ask key questions on exporting and how to keep Canadian’s from going south. I’d like to point out that the conference is free to attend, and celebrates the end of Small Business Month.

      If you have any further questions, please visit www.soho.ca, and please do not hesitate to get in touch. I am also enclosing the conference factsheet should you require more information.

      All the best,
      Victoria Ronco

    2. DwayneLattimore.com on December 4th, 2007 at 1:38 pm

      That’s funny that the Mayor is saying that it will aid in special services but fails to mention what these “special services” really are! It’s kinda like he’s “smoothing it over” to make it sound much better than what it really is. Things like this happen all the time in the United States! Promises for this and that without any comprehensive material to prove it! Good luck guys! Canada has always been a great country….

      Dwayne

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