
By how much will Toronto's residential tax rate increase in 2024?
By how much will Toronto's residential tax rate increase in 2024?
4
195Ṁ321resolved Feb 15
1H
6H
1D
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100%86%Other
12%
10.5%
2.0%
16.5%
Mayor Olivia Chow has proposed two scenarios for [tax increases to meet Toronto's budget](https://www.cbc.ca/news/canada/toronto/toronto-city-budget-launch-1.7078446):
1. A baseline of 1.5 per cent increase to the city building tax, in addition to a 9 per cent increase to the property tax, for a total residential tax increase of 10.5 per cent.
2. If the federal government does not come forward with $250 million in funding for refugee claimants in Toronto's shelter system, the city will "have no choice" but to impose a six per cent "Federal Impacts Levy," raising the total residential tax increase to 16.5 per cent.
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What is Manifold?
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Get accurate real-time odds on politics, tech, sports, and more.
Or create your own play-money betting market on any question you care about.
Are our predictions accurate?
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In the 2022 US midterm elections, we outperformed all other prediction market platforms and were in line with FiveThirtyEight’s performance. Many people who don't like betting still use Manifold to get reliable news.
Why use play money?
Mana (Ṁ) is the play-money currency used to bet on Manifold. It cannot be converted to cash. All users start with Ṁ1,000 for free.
Play money means it's much easier for anyone anywhere in the world to get started and try out forecasting without any risk. It also means there's more freedom to create and bet on any type of question.