TORONTO With a number of Ontario municipalities eyeing property tax increases, experts say homeowners across the province can expect to see higher tax bills this year because of inflation, pandemic costs and recent provincial changes to development
With a number of Ontario municipalities eyeing property tax increases, experts say homeowners across the province can expect to see higher tax bills this year because of inflation, pandemic costs and recent provincial changes to development charges.
Inflation, pandemic costs driving Ontario property tax hikes as upkeep backlogs grow thereminder.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thereminder.ca Daily Mail and Mail on Sunday newspapers.
The annual struggle to balance the City of Toronto's budget looks particularly tough this year. Instead of the usual tens of millions of dollars the city needs to raise, or cut, to balance the $15-billion spending package, the candidates elected to the next city council will need to figure out how to make up an $857-million gap.