Tuesday, January 29, 2008

3.75 % Increase in Property Taxes for Toronto Homeowners


According to a CBC News Report, Toronto Mayor David Miller has proposed a 3.75 per cent residential property tax increase this year in his "Balanced Budget" introduced yesterday.


For sure living in Toronto is becoming expensive with increased property taxes, new land transfer tax coming into effect on February 1st 2008, vehicle registration tax and a new garbage fee.


- Shashi K. Raina, Toronto

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