Proposed Toronto Taxes
#1
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Proposed Toronto Taxes
Leave the alcohol alone!!!
http://www.thestar.com/News/article/196305
Proposed wallet bites by city hall
Suggested taxes with estimated yearly revenue:
(all taxes based on pre-GST values)
Vehicle registration tax: $40 per vehicle: $43 million
Land transfer tax: 0.5 per cent of sale price: $103 million
Alcohol: 5 per cent tax at beer, wine and liquor stores: $44 million
Alcohol: 5 per cent tax on drinks in bars and restaurants: $24 million
Tobacco: 5 per cent tax:
$25 million
Movies: 5 per cent tax:
$4 million
Live sports events: 5 per cent tax: $7 million
Live entertainment tax:
5 per cent tax; $6 million
Parking: $100 annual fee per space for parking lot owners: $7 million
Billboard tax: $2 million
Road tolls or congestion tax: $75 million
Total: $340 million
http://www.thestar.com/News/article/196305
Proposed wallet bites by city hall
Suggested taxes with estimated yearly revenue:
(all taxes based on pre-GST values)
Vehicle registration tax: $40 per vehicle: $43 million
Land transfer tax: 0.5 per cent of sale price: $103 million
Alcohol: 5 per cent tax at beer, wine and liquor stores: $44 million
Alcohol: 5 per cent tax on drinks in bars and restaurants: $24 million
Tobacco: 5 per cent tax:
$25 million
Movies: 5 per cent tax:
$4 million
Live sports events: 5 per cent tax: $7 million
Live entertainment tax:
5 per cent tax; $6 million
Parking: $100 annual fee per space for parking lot owners: $7 million
Billboard tax: $2 million
Road tolls or congestion tax: $75 million
Total: $340 million
#2
See Jello? Say HELLO!
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Well, I guess I'd be watching my Raps games on TV more often. A good point is made in the article about motorists being targeted and already overpaying in every aspect of vehicle usage. As long as it doesn't get any closer to me than the GTA.. Kidding. Terrible. Especially since if the Gardiner and DVP were tolled alot of that traffic would just funnel out. That'd be a traffic jam!
#4
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I am not too thrilled to hear this either. If the tax money actually went to building new roads or improving congestion I would be for it. But the money will just be wasted covering what is already surplus spending by the government.
#8
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For non-Canadians who are interested, if you live in Ontario, the combined Federal+Provincial marginal (incremental) income tax rate starts at 21.55% to 46.41% for income over $120K a year.
Last edited by Davut; 03-29-2007 at 04:33 PM.
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