By Oliver Moose • The Globe and Mail
Non paywall
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)
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)