www.fairtaxes.ca
I have discussed the need for fair taxes on our blog and at Ward Council in the past. Toronto remains the only city with a population over 2 million trying to survive, for the most part, on property taxes. The equation needs to change. In other cites, skyrocketing property taxes are known to cause a much more detrimental effect on citizens and their property investments than such measures as vehicle registration fees and a retail sales tax on property purchases. These measures tax only those that CAN afford it and only at the moment that they CAN afford it. A web site has been set up to explain further and collect input. Here is a sample:
A fair tax plan
We have a fair tax plan to end our systemic problem. Our solution will keep our roads in good shape, our garbage picked up, and all of our community centres and libraries open every day. It will give us the funds we need to fight climate change and improve public transit. Toronto is our home and we must make the right decision together. The province has started to take back the cost of some social services, but hundreds of millions of dollars in downloaded costs remain. We can’t continue to wait. We have a responsibility to take control of Toronto’s financial future and build our great city now.We need to reduce our reliance on property tax. On October 22, City Councillors will vote on a plan to adopt two new taxes. This is why City Council asked for and received new powers under the City of Toronto Act. With this vote, City Council will be able to use these new powers to take control of our financial future and build the great city we want. Canada’s largest city simply can’t function without new revenue. Our fair tax plan includes:
A Land Transfer Tax would be a sales tax levied on the purchase of property, with rebates of up to $2,000 for first-time home buyers. It would raise about $300 million a year and would be used to protect and enhance city services and allow for new investment.
A Personal Vehicle Registration Fee would cost car drivers an additional $60 a year and motorcycle riders $30 a year. It would raise about $60 million a year, to be directed to road repairs, public transit, cycling and pedestrian improvements and other transportation projects.
A fair and affordable level of property taxes. Without new taxes, Toronto will be forced to ask property taxpayers to cover the full cost of these services. The only way to keep property taxes down is to create new taxes — fair taxes — to fund our city.
Please go to http://www.fairtaxes.ca/ to learn the straight facts.
Shelley Carroll