Calgary's business-residential tax ratio forecast to widen further: report
Calgary's mayor is urging a shift of the tax burden from businesses to residents as the tax ratio approaches the legislated maximum.
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Calgary's mayor is urging a shift of the tax burden from businesses to residents as the tax ratio approaches the legislated maximum.
Calgary's mayor is urging a shift of the tax burden from businesses to residents as the tax ratio approaches the legislated maximum.
The current ratio needs to change to take the strain off local businesses, which bear the brunt of the city's tax burden, said Mayor Gondek.
The massive erosion in the value of downtown office buildings since 2015 has had a major impact, while local house prices continue to climb.
With the provincial budget now released, the City of Calgary has finalized its tax rates for 2023.