To understand the costs and benefits of growth better, this research report examines the sources of taxation related to the construction of new homes in Ontario and the level of public infrastructure investment that supports all population and economic growth. [...] Objectives and Methodology The primary objectives of this research analysis are to provide a transparent and replicable account of: • The sources of taxation related to the construction of new homes and the level of public infrastructure investment required to support economic growth; and • How different levels of government share the benefits and costs of growth regarding the construction of new. [...] Given the objective of the research is to understand all the taxation embedded in the cost of a new home, the costs are further decomposed by the income and corporate taxes that are paid as part of the 14 Note that production taxes and fees vary considerably across Ontario and can be well above the 8.8% on average as reported here. [...] In terms of GDP measures, the ratio of direct taxes on the The construction of construction of a new home to the GDP it generates is 63.5%. [...] This indicates that the construction of new homes in Ontario is subject to Ontario is taxed at 2.09 times the rate of the rest of the economy, in twice the tax burden terms of direct GDP.
- Pages
- 33
- Published in
- Canada
