Goods and services tax (Canada)

Altus Group Report Reveals Commercial Tax Rate in Major Canadian Cities Reaching More than Three Times the Residential Rate

Retrieved on: 
Wednesday, October 11, 2023
Benchmark, Goods and services tax (Canada), Operational technology, Environment, City, Operation, Quebec, Altus Group, Altus, Property management, Real estate, Silviculture

"As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.

Key Points: 
  • "As we assess this ever-changing landscape of commercial and residential property tax, it becomes clear that adaptability is key to navigating these times.
  • The ratios in both cities have continuously dropped and since 2017, these two cities have had the most equitable commercial to residential ratios in this study.
  • The ongoing delay in reassessment is compromising the province’s economic competitiveness and could ultimately translate to higher property tax rates.
  • A copy of the Altus Group 2023 Canadian Property Tax Rate Benchmark Report can be downloaded at: https://www.altusgroup.com/insights/canadian-property-tax-benchmark-report/

HOUSING STARTS FLAT IN MAJOR MARKETS FOR FIRST HALF OF 2023

Retrieved on: 
Thursday, October 5, 2023
CMHC, Government, Real, SGE, GST, Local government in Canada, Legislation, City, HAF, Goods and services tax (Canada), Goods, Department of Finance Canada, Consumption tax, HSR, Real estate

This contrasts with Montréal, which is more reflective of the current, more challenging, context, such as higher financing and construction costs."

Key Points: 
  • This contrasts with Montréal, which is more reflective of the current, more challenging, context, such as higher financing and construction costs."
  • On September 21, 2023, the Government of Canada introduced legislation that would remove the federal component of the Goods and Services Tax (GST) on new purpose-built rental housing projects.
  • The HAF is a $4 billion application-based initiative designed to help cities, towns, and Indigenous governments unlock new housing supply.
  • CMHC's housing starts data for July and August, 2023, shows a continuation of the overall trend observed in this report as new home construction remained relatively flat at the national level.

Federal government should remove GST on residential energy

Retrieved on: 
Thursday, September 28, 2023
Excise, Tax, Hospice, Commons, Goods, GST, House of Commons of Canada, Consumption tax, Propane, The Income-tax Act, 1961, Goods and services tax (Canada), Parliament, Plasma protein binding, C-56, Shannon Watt, CPA, Heat, Federation, House, Property management

Heating is a fundamental necessity in Canada.”

Key Points: 
  • Heating is a fundamental necessity in Canada.”
    The CPA has been recommending that the federal government make the GST zero-rated for residential energy since 2021.
  • Currently, residential energy is subject to the GST.
  • “We saw the hardships homeowners faced in paying residential energy bills last winter.
  • The federal government, working with the provinces, can take an important leadership role by eliminating the GST from residential energy bills.

Fighting for the middle class

Retrieved on: 
Thursday, September 14, 2023
Heart, Federal aid during the COVID-19 pandemic in Canada, Food, Housing, Table, Energy Savings and Industrial Competitiveness Act of 2013, Competition Act, HST, Goods, GST, Grocery store, Competition, Consumption tax, Child care, Government, Goods and services tax (Canada), Canada Child Benefit, Organization, Canada workers benefit, Harmonized sales tax, Parliament, Government of Canada, City, Federation, Competition Bureau, Government of Quebec, Synovial joint, Legislation, Tourism, Property management, Real estate, Renting, Rail transport, Bank, Health insurance

LONDON, ON, Sept. 14, 2023 /CNW/ - A strong middle class means a strong Canada.

Key Points: 
  • LONDON, ON, Sept. 14, 2023 /CNW/ - A strong middle class means a strong Canada.
  • The Prime Minister, Justin Trudeau, today announced a suite of new measures to support the middle class and people working hard to join it.
  • "We made a commitment to stand up for the middle class, and we will not stop fighting until everyone has a real and fair chance to succeed.
  • "Our priority since 2015 has been to build a strong middle class so everyone can succeed, but there is more work left to do.

PayPal survey reveals Canadians could make an estimated $571 on average from pre-loved items in their home

Retrieved on: 
Wednesday, June 14, 2023
Gen, Friends, PayPal, Goods, Communication, St. Louis Fed Financial Stress Index, Director of communications, OnePoll, Research, Attitude, Sale, Movement, Generation Z, Goods and services tax (Canada), Family, Book, Social media, Video game, Online shopping, Baby boomers, Millennials, Generation X

Clothes (38%), books (21%) and furniture (20%) top Canadians' thrift shopping lists, turning one person's trash into their own treasure.

Key Points: 
  • Clothes (38%), books (21%) and furniture (20%) top Canadians' thrift shopping lists, turning one person's trash into their own treasure.
  • Despite the second-hand economy's rise in activity, the realities of reselling are holding back this movement from unlocking its full potential.
  • Canadians have on average $571 estimated worth of unwanted items stored around their homes, ripe for resale, and well over half (65%) agree that their homes are full of unused belongings.
  • Thrifty Canadians are value seekers, with almost half (48%) choosing to shop used items in search of a bargain.