Archive 1997-2016
Ottawa’s businesses and municipal authorities are worried a new provincial legislation could remove millions of dollars from the region’s economy.
The proposed Fairness for Property Taxpayers Act could remove some of the federal payments in lieu of taxes (PILs) from the municipality’s coffers because of a new provision limiting property tax increases at 10 per cent for 1998 and at five per cent for 1999 and 2000.
Ottawa’s businesses and municipal authorities are worried a new provincial legislation could remove millions of dollars from the region’s economy.
The proposed Fairness for Property Taxpayers Act could remove some of the federal payments in lieu of taxes (PILs) from the municipality’s coffers because of a new provision limiting property tax increases at 10 per cent for 1998 and at five per cent for 1999 and 2000.
Centretown’s economic well-being has declined over the last decade, matching national trends, according to some community and business leaders.
A study released by Lars Osberg, a Dalhousie University economist, and Andrew Sharpe, Centre for the Study of Living Standards executive director, in October shows that, although Canada’s gross domestic product rose by 2.5 per cent in the last decade, economic well-being was down 8.7 per cent from a peak period in 1989.
The word “retirement” evokes scenes of Florida beaches, shiny Winnebagos and relaxing days. At least, that’s how retirement looks in Freedom 55 commercials. But according to a recent poll by Compas Research, 62 per cent of Canadians believe they will work after they formally retire. Whether they will continue to run a multi-million dollar conglomerate, push paper or shovel fries, most Canadians don’t expect to be sipping cocktails come the golden years.