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The Reform of Business Property Tax in Ontario: An Evaluation

Author

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  • Michael Smart

    (University of Toronto)

Abstract

Business property taxes in Ontario have fallen dramatically in the past decade, due to a series of reforms mandated by the provincial government. In this paper, I discuss the likely impacts of the reforms on business location, wages, and land values, and the economic welfare of provincial residents. I use the reforms to estimate the responsiveness of business location and employment to local tax differentials. The reforms have caused a large shift in legal tax burdens from businesses to residents, particularly in Toronto and a few other cities. Based on my analysis, I conclude that the tax reform has had a small positive impact on employment in cities and on business productivity in Ontario.

Suggested Citation

  • Michael Smart, 2012. "The Reform of Business Property Tax in Ontario: An Evaluation," IMFG Papers 10, University of Toronto, Institute on Municipal Finance and Governance.
    • Handle: RePEc:mfg:wpaper:10
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    File URL: https://tspace.library.utoronto.ca/bitstream/1807/81261/1/imfg_paper_10_smart_2012-07-06.pdf
    File Function: First version, 2012
    Download Restriction: no
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    Cited by:

    1. Daniel Henstra & Jason Thistlethwaite, 2017. "Climate Change, Floods, and Municipal Risk Sharing in Canada," IMFG Papers 30, University of Toronto, Institute on Municipal Finance and Governance.
    2. Bob Baldwin, 2015. "Municipal Employee Pension Plans in Canada: An Overview," IMFG Papers 23, University of Toronto, Institute on Municipal Finance and Governance.
    3. Zack Taylor & Alec Dobson, 2020. "Power and Purpose:Canadian Municipal Law in Transition," IMFG Papers 47, University of Toronto, Institute on Municipal Finance and Governance.
    4. Jean-Philippe Meloche & François Vaillancourt, 2021. "Municipal Financing Opportunities: How Do Cities Use Their Fiscal Space?," IMFG Papers 52, University of Toronto, Institute on Municipal Finance and Governance.

    More about this item

    Keywords

    business taxes; business location; intermunicipal competition;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets

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