Toronto Mayor Olivia Chow’s final budget before the 2026 municipal election takes place keeps the modest 2.2 per cent ...
Toronto’s luxury home buyers will have to pony up an additional mansion tax on purchases over C$3 million (US$2.18 million) beginning in April. The Toronto City Council approved Wednesday a rate ...
One of the standout areas of the 2026 budget is transit funding. The budget proposes a 1.5 per cent increase to the City Building Fund levy, an additional component of property taxes that helps fund ...
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Toronto mayor threatens $107m property tax rise to pay for the cost of sheltering migrants
Toronto Mayor Oliva Chow has threatened to raise property taxes for residents due to the city's $107 million ($78M USD) shortfall from the surge in migrants. During a Monday news conference, the ...
Once again, Mayor Olivia Chow is proposing to increase Toronto’s Municipal Land Transfer Tax. This latest tax increase is being defended by supporters as necessary to help make the city more ...
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