CITC15H3 Study Guide - Final Guide: Rideau Carleton Raceway, Hydro Ottawa, Sales Tax
Document Summary
Final exam - citc15: discuss the advantages and disadvantages of different revenue raising sources for municipal governments other than grants allocated by federal and provincial governments. Pil - payments in lieu of taxes paid to muncipalities by federal and provicial govenremnts to compensate for property taxes, which they are not legally obligated to pay. Introduction - human settlements finance tools and best practices - un habitat. From country to country, municipal revenues vary from country to country but mostly they are taxes, user fees, and intergovernemntal transfers other revenues may include investment income, proety sales, and licenses and permits, Other local taxes can include income taxes, general sales taxes, and selective sales taxes (for example, taxes on fuel, liquor, tobacco, hotel occupancy, vehicle registration), and land transfer taxes (or stamp duties). Table 8: toronto 2007 sources of revenue: porperty taxes - 41. 5, other taxes, service charges -21. 8, government grants and contributions 20. 9.
