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 - Do The Rich Pay Their Fair Share In Taxes? Ah, the age-old question: do the rich pay their fair share in taxes? Many liberals argue that they don't, saying the rich owe their success to the efforts of the poor and middle class and...
- Where are You on the Inverted Income Tax Pyramid? This being April 14 - and with Mr. ToughMoneyLove having to write a big check to the IRS tomorrow - I feel the need to share this link to a piece written by Ari Fleischer...
- 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...
- Finding the Hard Truth on Your Federal Tax Burdens If you are a taxpayer (and barely a majority of working adults are), we are in the midst of a "perfect tax storm." First, we have entered the traditional "tax season" where accountants (such as...
- What is the Difference Between Marginal and Effective Tax Rate? I am often surprised how many people don’t understand how the United States Income Tax system actually works, but on the surface it is a really simple system. Like anything else, once we get deeper...