Taxes Due Today
By 250 News
Friday, July 02, 2010 03:58 AM
Prince George, B.C. – Today is the day your property taxes are due in Prince George.
The City has sent out around 29 thousand tax notices to collect a total of $109 million dollars in taxes.
Not all of that amount is going to the City of Prince George coffers.
About $73 million is municipal the balance is collected on behalf of the Regional District of Fraser Fort George, the Fraser Fort George Hospital District, School taxes and B.C. Assessment.
Failure to pay your taxes on time today could see you paying an additional 5% penalty. If taxes aren’t paid by September 10th, you would pay an additional 5% penalty.
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" Neither recession, global uncertainty nor growing joblessness appears to have stayed Canadians’ appetite for spending money they don’t have.
A new report by the Certified General Accountants Association of Canada shows that household debt in the country kept rising through the recession and peaked in December at $1.41 trillion.
That’s $41,740 on average per Canadian, or debt to income ratio of 144 per cent that is the worst among 20 advanced countries in the OECD.
“This report is another indication of Canadians’ readiness to consume today and pay later,” says association president Anthony Ariganello."
http://news.therecord.com/article/710131
I think the following article does a good job of explaining what the current state of the Canadian housing market (and by extension the Canadian economy) is:
The title of the article is "One broken refrigerator away from default.
http://www.metronews.ca/toronto/comment/article/568352--one-broken-refrigerator-away-from-default