Mayoral candidate Olivia Chow released more details of her platform today, calling for changes to the Land Transfer Tax and stating in a press release that “more progressive city taxes [would] let us care for more children, and invest in immediate transit priorities.”
She’s proposing changes to the City’s Land Transfer Tax—as it stands, the LTT’s top tax bracket is $400,000 and up. But with the average price of a home now at $585,000 and climbing, she believes an additional bracket—$2 million and up—should be added. If the LTT were to be raised 1 per cent on homes that sell for upwards of $2 million, the tax would produce about $20 million a year.
Additional tax revenue could then, Chow suggests, be directed to some of Toronto’s more immediate needs, such as child nutrition programs and transit.
Ward: 16 (Eglinton-Lawrence), an open seat currently occupied by Karen Stintz.
Background: Youssefi was a criminal lawyer before having kids, and now maintains her own law practice. For the past three years, she’s been a teacher at Seneca College, where she has taught courses on criminal law, ethics, advocacy, and other subjects. She received her undergraduate degree from the University of Toronto in 1994 and her law degree from McGill in 1998. She has two children under the age of 10.
Why are you running for council? “Contributing to the community and trying to improve things has always been in me. It’s part of why I’ve done volunteer work ever since I came to Canada 30 years ago or so. I feel very passionate about working with people and for people, and particularly helping to improve conditions when it comes to development, for people who are marginalized.
If there’s one thing we love about TIFF, it’s TIFF Survival Guides. Ostensibly, TIFF is daunting. Though most people in Toronto may—may—go see a movie or two, maybe three—maybe—it’s important to believe that the earth is literally shifting beneath our feet during all of this, that it’s not all some sort of cultural echo chamber. So, as with any natural occurrence that lasts nearly a fortnight and involves movie stars riding around in limousines, it’s important to prepare. Because do you know what the opposite of survival is? That’s right: un-survival.