Quote:
Originally Posted by Smartcar
Actually no, business taxes are being phased out and will be gone in a few years (yay) but the decline in revenue will be added to the non residential mill rate (boo). So op costs will go up and landlords with vacant commercial property will pay more. Probably a good move politically since landlords don't get to vote.
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Calgary was the last to have a business tax. Harmonization and phasing out of the business tax was something the business community lobbied for. It does shift the tax burden, but is revenue neutral.