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Stories Tagged - taxes
News
May 08, 2019 | Barb Livingstone
Calgary housing industry hopes new provincial government will improve its fortunes
From mortgage stress test relief and red tape reduction to general economic good news and jobs to boost consumer confidence, Calgary's housing industry is cautiously optimistic the recent change in provincial government could help cross a few items off its wish list.
However, that all hinges on the new United Conservative Party (UCP) government following through on its campaign promises.
However, that all hinges on the new United Conservative Party (UCP) government following through on its campaign promises.
News
March 24, 2016 | CREBNow
City to hold property tax sale
Properties in arrears up for grabs
The City of Calgary is hoping the prospect of having their home offered up to the highest bidder is enough to encourage a few Calgarians to catch up on their taxes.
Each year properties with more than three years outstanding tax arrears are offered for sale by the City of Calgary. Owners are notified a year in advance of the sale in hopes the owners will make an effort to catch up on any outstanding balance.
Currently, the list of properties stands at four pages, with properties deleted from the list as the outstanding taxes are paid.
The City of Calgary is hoping the prospect of having their home offered up to the highest bidder is enough to encourage a few Calgarians to catch up on their taxes.
Each year properties with more than three years outstanding tax arrears are offered for sale by the City of Calgary. Owners are notified a year in advance of the sale in hopes the owners will make an effort to catch up on any outstanding balance.
Currently, the list of properties stands at four pages, with properties deleted from the list as the outstanding taxes are paid.
News
Dec. 12, 2015 | Cody Stuart
5 things about Canada's middle-class tax cut
They say only two things are certain in life: death and taxes. But for once, the government is scaling back its share. With around nine million of Canadians set to see their tax burdens lessened in 2016 thanks to the Canadian government's newly introduced tax cuts, CREB®Now breaks down some of the small print included in the changes.
$3.4 billion
With around nine million Canadians making between $45,282 and $90,563 set to see their tax bills decrease in 2016, the total cost to the Canadian government will be $3.4 billion. Single individuals who benefit will see an average tax reduction of $330 every year, and couples who benefit will see an average tax reduction of
$540 every year. The maximum tax reduction will be $679 per individual and $1,358 per couple.
$3.4 billion
With around nine million Canadians making between $45,282 and $90,563 set to see their tax bills decrease in 2016, the total cost to the Canadian government will be $3.4 billion. Single individuals who benefit will see an average tax reduction of $330 every year, and couples who benefit will see an average tax reduction of
$540 every year. The maximum tax reduction will be $679 per individual and $1,358 per couple.
News
Dec. 03, 2014 | CREBNow
City council approves new budget
City council has approved a new four-year budget that will see property taxes in the city rise by 4.5 per cent next year, followed by three consecutive years of 4.7 per cent hikes through to 2018.
The increase means the average Calgary household will part with an extra $71.40 in property taxes
next year.
"This is a lean budget for a growing city," said Mayor Naheed Nenshi. "Council had important debate and discussion about the issues that matter most to citizens – from enhanced snow and ice control to investments in public transit to the fees for water and recycling.
The increase means the average Calgary household will part with an extra $71.40 in property taxes
next year.
"This is a lean budget for a growing city," said Mayor Naheed Nenshi. "Council had important debate and discussion about the issues that matter most to citizens – from enhanced snow and ice control to investments in public transit to the fees for water and recycling.
