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.
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.
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.