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For many families a cottage is a place of special moments, milestones and memories. However, having a recreational property is not always fun and games -- there are also many costs and responsibilities that come along with ownership, especially when transferring the property to your children.
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House price growth has averaged 4.5 per cent a year in Ontario, MPAC says.
Calgary taxpayers have now had a little time to recover from the puzzling pitch for public cash that NHL Commissioner Gary Bettman delivered when he came to town. Bettman may have left, but the ask is still on the table.
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For the past few years, Canadians have been taking advantage of our dollar being worth about the same as the U.S. dollar. From buying up real estate to cross-border shopping, being on par with the U.S. dollar has had its advantages. However, in the last few months, economic factors have driven the Canadian dollar down. It may be time to regroup and look at some strategies to make the weakening dollar work for you.
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There's a growing belief that if left uncontrolled, Canada's expanding cities risk occupying too much space. One of the main voices of this line of thought belongs to Toronto's chief planner who advocates growth boundaries, such as Ontario's Greenbelt, to restrict urban expansion.
Once again, Calgary city council has raised property taxes beyond the rate of inflation. No surprise. Over the past seven years, only once, in 2007, has council approved a tax increase below Calgary's inflation rate. The latest hike, 4.5 per cent in residential property taxes for 2015, is triple the average annual Statistics Canada inflation rate for the 2010-2014 period in Calgary
Homeowners in some of Canada’s most expensive real estate markets pay some of the country’s lowest property tax rates, and vice versa. The Real Property Association of Canada (REALpac) has released ne...
It's not your imagination. Your property taxes really are shooting higher. For those who haven't paid attention to their property tax bill until recently, let me offer some calculations.
If you live in Calgary and you check your property tax bill this month, rest assured you are not imagining things: property taxes really are on the rise and way above inflation.
Some background: Calgary's property tax bill has two components, with the city's share at 56 per cent and the province's at 44 per cent.
Families now pay more in taxes that they do for basic necessities. While personal income taxes are the single largest type of tax paid by families, they represent less than one-third of the total. There are a host of less visible taxes that Canadians pay but do not see.
Vancouver's Bixi public bike-share program may sound like good public policy but in the end, it will be taxpayers who will get taken for a ride. Why are they paying for bikes when the car shares have proven transportation co-ops and businesses can be sustained without taxpayer dollars?
PICKERING, Ont. — Ontario homeowners will see the determined value of their houses rise 4.5 per cent in each of the next four years — and may face tax increases as a result — following a report that f...
Golf revenues are slowly on the decline across Canada. Some B.C. leaders have missed the simplest way of fixing this problem: getting taxpayers out of the golf game all together. It's one thing for taxes to go to essentials like water, sewer or public safety, it's another thing to know you're subsidizing luxuries like municipal golf courses. If you can find a service listed on YellowPages.ca, government shouldn't be providing it.
Municipal elections are notable for their small turnout. In many communities across B.C., a few votes can make a big difference, which is why people concerned about high taxes and bloated spending need to vote to change the culture of their council -- and then hold their new leaders accountable for their decisions.
You may think that people should be collectively responsible for paying for the waste they cumulatively generate. Or you may feel that, like residents without children who oppose paying for schools, it should be a personal responsibility. Either way, Ontario appears to be behind in having these discussions.
Ontario's provincial leaders are promising a lot this election, but no one is talking about repairing the relationship between municipalities and the province. Sure, everyone talks about "partnerships' with municipalities, but it's not a partnership when the other side has all the cards.