Canada/City of Montreal to limit tax increase to 1.8% in 2025

Mayor Valérie Plante's administration will limit property tax increases in 2025 to 1.8%, which corresponds "to real inflation as of August 2024", the city states in a press release.

Despite significant financial challenges, Montréal will be able to limit the increase in the central city's tax burden to the level of inflation, while maintaining the basic services offered to the population, says the Mayor's office.

It was important for us to announce the tax rate for the central city as soon as possible, to reassure citizens and offer them greater predictability.

A quote from Luc Rabouin, President of the Montreal Executive Committee

This increase, aligned with the measure of inflation in the Montreal region between August 2023 and August 2024, should provide some relief to Montreal taxpayers.pit to Montreal taxpayers, who have had to endure average tax increases of 4.9% in 2023 and 4.1% in 2022, in addition to a significant rise in the cost of living.

The central city, which is currently tying up the last loose ends of its 2025 budget for submission in November, explains that it is honouring its commitment to index the tax bill to inflation, while inviting borough councils, which also have taxing powers, to do the same.

We know that the economic situation and the rising cost of living are having a major impact on the population, and we wanted to offer them some respite. We also wanted to send a message to all the boroughs, which are about to adopt their local budgets, that the same efforts should be made at their level to limit local tax increases as much as possible," explains executive committee chairman Luc Rabouin.

According to Mr. Rabouin, his administration's efforts to reduce spending, revise programs and increase efficiency have made it possible to keep the increase in Montrealers' tax bills within the limits of inflation.

It's an exercise that will continue in 2025 in order to offer the best services at the lowest cost to the entire population, he assures us.

Source: ici.radio-canada.ca/