New Taxes: Calculations and Assumptions
EDMONTON: The Canadian Taxpayers Federation today released calculations of what the average Alberta family could expect to pay in new taxes if the Stelmach government approves four new taxes proposed by the Minister's Council on Municipal Sustainability.
New Tax Tax Rate Revenue
Amusement Tax (ticket tax) 10% of the ticket price $47,948,164
Tourism Tax (hotel tax) 4% of the room rate $65,000,000
Property Transfer Tax 1% of the sale price $400,000,000
Vehicle Registration Tax $75 per vehicle $293,187,450
Total: $806,135,614
Yearly tax bill for an Alberta family of four: $911.25
"This unabashed tax grab by municipalities has to be stopped," stated CTF-Alberta director Scott Hennig. "$911 is a lot of money to the average Alberta family each year, money they would rather spend on their own priorities rather than hand it over to their local government."
"It's up to Premier Stelmach and Minister Danyluk to kill this proposal, and kill it quickly," continued Hennig. "Just say NO to new taxes, Mr. Premier."
"As we are seeing right now in Toronto, as soon as municipalities are given these new powers of taxation - they use them," concluded Hennig. "Toronto has already pitched eight new local taxes and the city's so-called 'consultations' are more focused on where to spend the new-found loot than whether Torontonians even want these taxes."
Detailed tax calculations and tax rate assumptions can be found on-line here or by contacting the Alberta office at 1-800-661-0187.
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