Many tax increases in 2023

Several major cities have announced a significant tax increase for 2023, according to a census by the Association desproprietors du Québec.

• Read also: Insurance premiums: another hike for property owners

• Read also: A tax increase to be expected in 2023

• Read also: Tax increase of 7.17% in Trois-Rivières

“Inflation, rising costs, rising wages, new infrastructure work, so many reasons that are invoked to justify the steepest tax increases in 2023,” said the Association of Quebec Landlords (APQ ) in his round of tax hikes, shared on his website.

Thus, in Montreal, the rates will vary according to the borough, ranging from 1.7% in Ville-Marie to 6% in L’Île-Bizard, can we see in the table. On average, rates will be high at 4.1%, compared to 2% in 2022.

In 2023, Laval will impose a new annual tax of $100 on residences that heat with oil, in addition to increasing its rate from 1.9% in 2022 to 4.8%.

In Longueuil, the rate will drop to 5.6%, instead of 3.4% in 2022.

On the Sherbrooke side, the rates will remain unchanged at 3%, except for buildings worth more than $750,000, which will be taxed more.

Same story in Lévis, which will increase its taxes to 6.8% for buildings with six or more units, in addition to a general increase to 4.6%, while the rate was at 2.5% in 2022.

Granby will suffer a considerable gap, as the city will go from a rate of -10% in 2022 to a positive rate of 3.5% in 2023.

Gatineau will go from 1.9% to 2.9%, Quebec from 2.2% to 2.5%, Trois-Rivières from 3.2% to 7.17%, Shawinigan from 2.88% to 6.9% and finally, Rimouski, from 2.9% to 3.6%. Saguenay, which was on a tax freeze in 2022, will drop to a rate of 4.86% from 2023.

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