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Taxpayers Federation Calls For Gas Tax Accountability Act:
Expect to Pay an Extra $1,182 per year
if New Toronto Taxes Approved
By Kevin Gaudet, Canadian Taxpayers Association
Wednesday, May 23, 2007
New Toronto municipal taxes could raise
$1.115 billion of new tax revenue
New Tax Bureaucracy may cost $262 million (23%) to administer
Toronto: The Canadian Taxpayers Federation (CTF) today released calculations of what the average Toronto household could expect to pay in new taxes if the Miller council approves eight new taxes proposed in its "Discussion Paper of Public Policy Revenue Tools".
| New Tax | Tax Rate | Revenue |
| Alcohol | 10% | $123,310,000 |
| Tobacco | 10% | 43,980,000 |
| Amusement | 10% | 34,040,000 |
| Land Transfer | 1.5% | $310,760,000 |
| Vehicle Registration | $80 | $80,250,000 |
| Road Toll | $0.05 peak - $0.10 off peak | $390,150,000 |
| Road Cordon | $5.00 | $110,900,000 |
| Parking | $250 | $18,520,000 |
| Billboard | $3 - $10 | $2,680,000 |
Total $1,115,000,000
Yearly tax bill for an average
Toronto household (2.5 people): $1182
CTF Ontario Director, Kevin Gaudet said, "the average household cannot afford to carry this extra burden. It is even worse for the average family of four. Their cost would be closer to $2000 ($1890). Families already find it tough to make ends meet without the mayor and council sticking them with extra taxes."
Gaudet concluded, "It seems that the mayor wants to build a giant tax agency to tax the fun out of Toronto families. He should stop this mad rush to tax Toronto families."
The CTF data analysis is calculated from the 151 page HEMSON Consulting Ltd. Report, Assessment of Potential New Tax Measures Under The City of Toronto Act, 2006, which was commissioned by the City of Toronto.
For more information please contact:
Kevin Gaudet at 416-725-0501.
- Kevin Gaudet, Ontario Director, Canadian Taxpayers Federation
