Calm Money Coach
Property Tax in Canada: Why You Pay It, and What's Inside a New Home's Price
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Why do Canadians pay property tax every year on a home they've already paid for, and what are you actually paying for when you buy a brand new one?
Part 1: property tax is one of our oldest taxes. Upper Canada's first assessment law in 1793 paid for a courthouse, a jail, bridges and destroying bears and wolves. Cities lean on it because it's one of the few taxes provinces let them collect: by…