rdaner
Senior Member
There is also the increase in the number of people who are working out of home offices thus a building that is zoned strictly residential may in reality also house several businesses.
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Toronto is finally "getting it" - Globe Article
- Thread starter casaguy
- Start date
Glen
Senior Member
The figure is 7% in Toronto. This also raises the question, seeing that there is a very large discrepancy between tax rates, with the education tax being ~x7 and the city portion being ~x3.5, should the portion of the home used as a workplace be taxed as commercial? In the interest of fairness I say absolutely! Even if taxed as commercial it would benefit form escaping capital gains tax.