this post was submitted on 04 Sep 2023
20 points (100.0% liked)

Toronto

2013 readers
36 users here now

Toronto, Ontario, Canada

Friends:
Support lemmy.ca

founded 4 years ago
MODERATORS
[email protected]
20
Toronto considers implementing a municipal sales tax (www.theglobeandmail.com)
submitted 2 years ago by [email protected] to c/[email protected]
3 comments fedilink hide all child comments
 

By Oliver Moose • The Globe and Mail

Non paywall

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 2 years ago

I don't think a municipal sales tax would help much. For shopping, people could visit adjacent cities with little effort, reducing the revenue for shopping malls inside Toronto. On-site business, like restaurants or cafes will take the burden.

I feel that our property tax rate is a bit low. For example, New York City has roundly 1% (https://smartasset.com/taxes/new-york-property-tax-calculator)