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Proposed Toronto Taxes

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Old 03-27-2007, 02:41 PM
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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
Old 03-27-2007, 10:19 PM
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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!
Old 03-27-2007, 10:35 PM
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They raised all the taxes in the past to pay for transit expansion and road work then they spend it all on typical left wing bullshit.
Old 03-28-2007, 10:03 AM
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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.
Old 03-28-2007, 12:41 PM
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Wow, what is your annual income tax on average?
Old 03-28-2007, 04:03 PM
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Originally Posted by Shanika
Wow, what is your annual income tax on average?
Way to high to warrant the above increases.
Old 03-28-2007, 04:32 PM
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Just like the health premium tax the clean air tax the frigging gas tax ... no the govt doesnt gouge us I think they are great keep taking my money
Old 03-29-2007, 04:30 PM
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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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