Provincial legislation prohibits municipalities from imposing property taxes on properties owned by religious organizations, including private religious schools. I would estimate that in the absence of this prohibition, municipalities and the province would collect 3% more in municipal and education property taxes, respectively.
Current or market value assessment (CVA) is a wealth tax on a family’s largest asset, their home, and the unrealized capital gains (or losses) that result from market fluctuations. It imposes severe penalties on older Ontarians who have lived their life in now in-demand neighbourhoods. MPAC charged Ontario and its municipalities over $180 million to administer CVA in 2011 and that number is growing every year. Replace ...more »
The cost of basic home ownership is quickly becoming out of reach for the average Canadian. There are a few factors driving the escalating cost of homeownership all over Canada, but the single biggest culprit are those who purchase houses and condominiums, strictly for the purposes of "flipping them" a few days, weeks, or months later in order to make a quick buck. This has the effect of driving up the cost of homeownership ...more »
When landlords of older rental buildings receive a property tax decrease (mine has enjoyed substantial decreases every year for the past 8 years) that decrease is not automatically passed on to the tenants, whose rent pays the landlords' property tax in the first place! Tenants are sent an unaddressed form letter that looks like junk mail, from the municipality, advising them of an unspecified rent decrease - two months ...more »
Many property owners will demolish perfectly good building because doing so will reduce taxes. This is not good for a city to have vacant properties, and it is not good for the environment to demolish buildings that might be reused, particularly if we are trying to encourage "intensification", this is de-intensifying cities. IF a property is discovered to have an environmental problem, the assessement might be reduced ...more »
Montreal, Vancouver and Victoria impose 3¢/L, 15¢/L and 3.5¢/L municipal excise taxes on gasoline, respectively, to fund public transit. This results in more compact land use (resulting in lower cost to provide government services), makes the modes of transportation which are more efficient than the automobile more competitive, reduce the pressure to use fares, sales, income or property taxes to fund transportation, and ...more »