City council will debate the staff report, and the possibility of asking the province for the power to levy a sales tax, at its next meeting
  • zhenbo_endleEnglish
    8·
    10 months ago

    I don’t think a municipal sales tax would help much. For shopping, people could visit adjacent cities with little effort, reducing the revenue for shopping malls inside Toronto. On-site business, like restaurants or cafes will take the burden.

    I feel that our property tax rate is a bit low. For example, New York City has roundly 1% (https://smartasset.com/taxes/new-york-property-tax-calculator)