Cities get a boost to provincial revenue-sharing, but will continue paying a portion of it back as PST on construction projects. skpoli yqr yxe
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The provincial revenue-sharing model distributes the equivalent of 0.75 per cent of one point on the provincial sales tax. This year’s budget projects PST revenue of $2.7 billion, up by about $276 million, or just over 11 per cent, compared to last year’s budget.While cities will doubtless be thankful for the added revenue-sharing money, they are likely to remain irked at how much of it they give back in taxes.
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