Seniors Take It On The Chin
Seniors are taking it on the chin, or maybe somewhere a bit lower. While seniors saw their CPP rise a paltry 0.4% (about $50 per year), the Brant County and City of Brantford Councils go along merrily raising taxes by 3.27 (or $67 for the "average homeowner") in the county and 2.27% (or $56) for the city and civic workers get raises in 2%- 3% range. These property tax increases (for some strange reason) don't take into account the increase assessment valuations on properties, so the actual tax increase will be more like 6% - 10%.
The reason for the less than one half of one per cent raise in the CPP was because the Federal Government says that this was the rate of inflation. So these tax hikes are far, far above the inflation rate. How can councilors justify this?
And, as well as these major tax hikes, seniors and all other homeowners, were just hit with an increase in electricity costs which will be much greater when so called "smart meters" with their much higher rates are installed in the next little while. And if that isn't enough, starting July 1st the new blended HST (the largest tax grab in the history of Ontario) comes into effect.
So, by the end of this year, the politicians and civil servants will still be doing alright, but most seniors will find themselves with a lot less disposable income. And many will be facing the choice "food or shelter".
The reason for the less than one half of one per cent raise in the CPP was because the Federal Government says that this was the rate of inflation. So these tax hikes are far, far above the inflation rate. How can councilors justify this?
And, as well as these major tax hikes, seniors and all other homeowners, were just hit with an increase in electricity costs which will be much greater when so called "smart meters" with their much higher rates are installed in the next little while. And if that isn't enough, starting July 1st the new blended HST (the largest tax grab in the history of Ontario) comes into effect.
So, by the end of this year, the politicians and civil servants will still be doing alright, but most seniors will find themselves with a lot less disposable income. And many will be facing the choice "food or shelter".