Options to Improve the City's Revenue Health
January 19, 2015
This study finds the City of Toronto hasn't been using all of the tax room that it has at its disposal – it's sitting on more than $600 million in untapped potential revenue. Just allowing Toronto property taxes to keep up with inflation and population growth would yield $200 million in additional annual revenue and a set of untapped tax options available under the City of Toronto Act could yield up to $440 million in additional annual revenue.
Toronto could be $200 million richer