Toronto’s “tenant tax”
Toronto Tenants Pay High Rents Because of Discriminatory Tax on Tenants
“It is assumed that because rental housing is a business, that higher rates of taxation can be charged, even though those levies are passed on dollar-for-dollar to the tenants under landlord and tenant laws, and even though the majority of tenants are renters because they have lower incomes and can not afford to be homeowners. Of course, since the tax levies are ultimately paid by tenants as part of our rents, most tenants unaware of the real source of any increased taxes, nor that over 20% of our rents are in fact due to municipal property taxes.”
You can see the difference in the tax rates here.
I am amazed that that few people seem interested in this issue. If you are a Toronto tenant or landlord you need to make your voice heard. Along with this video, you should read an earlier post I wrote about how tenants and landlords pay higher costs because of the discriminatory property taxes on apartment buildings.