By News on the Net -- Yahoo News—— Bio and Archives--September 7, 2023
Toronto city council approved new revenue tools on Wednesday to address the city's grim financial situation as it faces $1.5 billion in budget pressures.
At a special meeting, councillors passed
measures to increase municipal land transfer tax rates for homes valued
at $3 million or higher and to remove the cap on $5/hour street parking.
The land transfer tax increase for luxury homes is set to take effect
Jan. 1, 2024. ---More...
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