29 Nov 2012

Pennachetti suggests 1.95 percent property tax

Joe Pennachetti, Toronto's city manager, recently recommended that the city increase property taxes by 1.95 percent, up from Mayor Rob Ford's goal of a 1.75 percent tax.

For small business owners in the Greater Toronto Area looking to skip out on costly property tax, self storage units are available. These units do not have property taxes and many business operations can be run out of them. Not to mention, utilizing the storage skips out on the costly price of office space altogether.

“The budget is balanced and we are moving towards fiscal sustainability,” Pennachetti said at the budget committee meeting on November 29, the Toronto Star reported.

The city would bring in nearly $46 million with the increase, which could offset the police budget which is set to increase as it is not sustainable.

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What's more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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