The Canadian Taxpayers Federation calculates, based on the Assessment of Potential New Tax Measures Under The City of Toronto Act, 2006 HEMSON Consulting Ltd. report commissioned by the City of Toronto, that proposed new municipal taxes could cost the average Toronto household $1,182 and raise $1.115 billion in new tax revenue. The new tax bureaucracy may cost up to twenty-three per cent of the tax revenue ($262 million) to administer.
Oh, well, that's all right then.
"There are no proposed tax increases," [Toronto mayor] David Miller argues. "These are potential revenue tools."
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