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Corporate Taxes
The
corporate tax structure in Ontario is extremely competitive, encouraging
business investment and creating an environment for business to succeed.
Click here to learn more about corporate taxes in Ontario
Property Tax
Richmond Hill has a competitive
and comparatively low property tax rate in the Greater Toronto Area (GTA).
The total tax is determined by multiplying the assessed
value of a property as determined by the Municipal Property Assessment
Corporation (MPAC) by the applicable tax rate.
Click here for more information about property taxes in Richmond Hill
Development Charges
Development charges are intended to offset the costs of creating new hard services (roads, water lines, sanitary sewers etc.) and soft services (police, libraries, transit, etc.) that result from new developments.
Click here to view
Richmond Hillīs non-residential development charges
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Financial Status Report
The Town of Richmond Hill has maintained a reputation as one of the most fiscally managed communities in
both the GTA and Canada.
In addition, the Town maintains a level of cash reserves that is envied by
neighboring municipalities. As a result, Richmond Hill is able to maintain and
improve upon existing service levels and is well positioned to meet the
challenges and initiatives of the future without over-burdening tax payers.
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