Parking Levy

The City of Toronto is facing a significant budgetary challenge and is considering new revenue sources. There are a number of proposed taxes under consideration (hotel, alcohol, tobacco and parking taxes, a sales tax, road rolls, etc.), some of which would directly impact NAIOP members. 
Of particular concern to NAIOP Greater Toronto is a parking levy – a $1-a-day tax on spaces in Toronto – that if implemented would have a severe effect on commercial activities in the City.