City finance committee suggests tax relief for businesses

The city’s finance and audit committee will be putting forward a recommendation to city council to keep the city’s business tax rate at 2022 levels, despite an overall 7.58 per cent tax increase.

A motion approved by the committee members, will see the committee recommend that the business tax rate would remain at $14.39436 per $1,000 of assessed value for 2023. Small businesses have been especially hard-hit over the past two years, during the COVID-19 pandemic, Coun. Trudy Klassen said. RESIDENTIAL TAXES RISING The proposed residential tax rate is $5.53442 per $1,000 of assessed value, down from $5.75774 per $1,000 in 2022.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

OMERS reports $4.9-billion gain as private assets offset public-market lossesOntario Municipal Employees Retirement System saw a 4.2% return in 2022 Also an unflattering MER of 60BPS; Comp for 5 top execs was $15.6 million with Blake Hutcheson’s share at $5.16M and former CIO Satish Rai at $4.1M; $693M of investment management Exps; $682M of Commuted Value payments!! And $32M of Travel and Comms expenses🧐OMERS
Sumber: globeandmail - 🏆 5. / 92 Baca lebih lajut »