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Many tax increases in 2023

Many tax increases in 2023

Several major cities have announced big tax hikes for 2023, according to a tally by the Quebec Homeowners Association.

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“Inflation, rising costs, rising wages, new infrastructure work, many of the reasons being invoked to justify steeper tax increases in 2023,” the Association of Quebec Landlords (APQ) said in its round of tax hikes, on its website. .

Thus, in Montreal, the rates will vary according to the region, ranging from 1.7% in Ville-Marie to 6% in L’Île-Bizard, as we can see in the table. On average, rates will be high at 4.1%, compared to 2% in 2022.

In 2023, Laval will introduce a new $100 annual tax on oil-heated residences, as well as increase its rate from 1.9% in 2022 to 4.8%.

In Longueuil, the rate will drop to 5.6% instead of 3.4% in 2022.

On the Sherbrooke side, rates will remain unchanged at 3%, except for buildings worth more than $750,000, which will be taxed more.

Same story in Levis, which will increase its taxes to 6.8% for buildings of six or more units, as well as a general increase to 4.6%, while the rate was 2.5% in 2022.

Granby will suffer a significant gap, as the city will go from a -10% rate in 2022 to a positive rate of 3.5% in 2023.

Gatineau will move from 1.9% to 2.9%, Quebec from 2.2% to 2.5%, Trois-Rivières from 3.2% to 7.17%, Shawinigan from 2.88% to 6.9% and finally Rimouski from 2.9% to 3.6%. Saguenay, which was on a tax freeze in 2022, will drop to a rate of 4.86% from 2023.

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