Creating a competitive auto manufacturing property tax regime in Ontario
As the federal and Ontario governments work to secure generational investments in automotive manufacturing capacity, the challenge of accurately estimating and planning for the eventual property taxes remains a sticking point to bringing certainty to potential investors and their host municipalities.
In Ontario, the province establishes the property assessment and taxation regime. The Municipal Property Assessment Corporation (MPAC) then implements these rules to determine property assessments for all properties in Ontario. Municipalities fund
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