Ontarians paid the highest property tax in the country in 1998 while the Atlantic provinces paid the lowest on average, according to the most recent figures available from Statistics Canada.
The 1999 survey released Wednesday was based on 1998 figures. It shows that annual property tax averaged $2,230 in Ontario and $2,030 in Quebec. By contrast, homeowners in Newfoundland and Labrador paid an average of $640.
Canadian homeowners paid 2.9 per cent of family income in property taxes in 1998, one-seventh of the 21.3 per cent they paid in income tax. Continue reading
Related Websites - We Have 3 Winners! The contest was to "share what you would do to change our current tax code if you had that power. The winners will be based on originality, feasibility, and fiscal responsibility." A free copy of...
- Year End Income Tax Guide (Part 2) This is the second part of Mr. ToughMoney Love's year end income tax guide that I have put together to help me (and I hope you) do some last minute strategizing and planning for the 2008 and...
- A Worthy E Credit Loan -- Please Comment and Decide I recently had the pleasure of interacting with a borrower seeking a loan on Prosper. The borrower as E credit and 15% debt to income ratio and is a homeowner... He has 4 endorsements (3...
- Do Businesses Dislike Credit Card Fees... Or Paying Taxes? A guest post by fellow Personal Finance Blogger, Mike - Back when I was a kid, there was a friend of mine whose family owned a restaurant in town. One day while visiting, I remember...
- Tax Withholding and Standard Miles Rates Update My second year writing for the TurboTax Blog has finished, and I'm happy to say they have signed me on to begin a third. I'll be taking a summer/fall three month vacation from the guest...