Quote:
Originally Posted by someone123
If the government gives out GST rebate cheques, welfare, or disability, they require disclosure around income or wealth, and that seems uncontroversial. I think it's unfair that somebody living off of $25,000 a year may pay income taxes while a person with a $1.1M property may get a big tax break.
|
This information is collected by the CRA at tax time. Is there a precedent whereby a city in Canada collects income information?
Also, would not personal wealth be included? Assets, investments, etc? There are people who have wealth that are able to work the numbers to indicate a smaller net income that isn’t an indication of how wealthy they are? Do they deserve breaks on their property tax?
I’m just asking practical questions on how you would make it fair, yet efficient in the real world of city politics. I also don’t think that rich people should get tax breaks (even though practically it happens in all areas of taxation, not just property tax).
Threaded Mode