General Business Updates and News

[tomh009]

Region of Waterloo increases taxes by 8.5 per cent, adding $187 to the average tax bill: https://www.therecord.com/news/waterloo-...-bill.html

That sucks. A lot. $187 a year for a lot of people isn't an insignificant amount at the moment.

While property taxes are not progressive, they are not regressive, either, they are based on the property value. So, for many lower-income people the increase (whether through property taxes or rent) will be between $50 and $100, whereas people with expensive houses may be paying $300-400 more than last year.