The Hard Truth about the City of Toronto Property Taxes

2018 Comparison of Property Tax by Canadian Cities

In comparison to the Greater Toronto Area property tax rates and other Canadian cities, Toronto homeowners are paying substantively lower property taxes http://torontostoreys.com/2018/07/gta-cities-highest-lowest-property-taxes/.

To provide high quality municipal services, it will critical for the next City Council to develop a refreshed Municipal Finance Plan that focuses on revenue generation (including taxation, provincial/federal transfer payments, user fees/charges), long-term infrastructure investment and business development (such as market-based finance, public-private partnerships, new business development, small business programs) and results-based budgeting and expenditure management focused on evaluating the effectiveness, efficiency and relevancy of municipal services.