H
Hydrogen
Guest
I agree with what Urban Shocker has stated, and see no need to repeat the points.
Unimaginative, even if these new taxes had been introduced, there still would be fiscal problems with the city budget. The point is that, had these taxes been introduced, we would be further down the road to turning a problematic tax structure into a complete jumble. It's enough that MPAC assessments can boggle the mind, but adding on land transfer taxes in some jurisdictions, and charging more for some car registrations in some jurisdictions does not solve deeper problems.
There is little doubt that the city will face increases in taxes. And in their little way, they will contribute to housing being less affordable. The land transfer tax represents an increase in the cost of afforability, and amplifies that cost whenever house prices increase.
There is little doubt that some of the responsibility for turning responsible municipal taxation into mere politics lies with city councillors, but it does not lie with them alone. They do not control how assessments are evaluated. Nevertheless, municipal taxes cannot solve - and should not solve - a damaged system of funding provincial programs and services in the city (or any city in the province).
Unimaginative, even if these new taxes had been introduced, there still would be fiscal problems with the city budget. The point is that, had these taxes been introduced, we would be further down the road to turning a problematic tax structure into a complete jumble. It's enough that MPAC assessments can boggle the mind, but adding on land transfer taxes in some jurisdictions, and charging more for some car registrations in some jurisdictions does not solve deeper problems.
There is little doubt that the city will face increases in taxes. And in their little way, they will contribute to housing being less affordable. The land transfer tax represents an increase in the cost of afforability, and amplifies that cost whenever house prices increase.
There is little doubt that some of the responsibility for turning responsible municipal taxation into mere politics lies with city councillors, but it does not lie with them alone. They do not control how assessments are evaluated. Nevertheless, municipal taxes cannot solve - and should not solve - a damaged system of funding provincial programs and services in the city (or any city in the province).