Property tax burdens were recalculated as effective rates, based on OSC estimates of assessed property values converted to full value based
on equalization rates.
Not exact matches
These include reducing personal income tax
rates and increasing the GST
rate; undertaking a review of the
Equalization program to reduce regional disparities and eliminating regionally - differential employment insurance rules; leveling the retirement savings playing field; adopting a formal corporate taxation regime; taxation of interest payments received from active business income of foreign affiliates; and examination of tariffs
on imported manufactures and products.
The district council was entitled to take into account the countervailing considerations, which included the impact of a sudden hike in residential property taxes
on long - term, fixed - income residents, and a municipal policy of gradually working toward greater
equalization of tax
rates.