Projet Montréal promises $ 1,100 a year in potential savings for families

The party led by incumbent mayor Valérie Plante also said a differentiated rate for municipal taxes would save middle-class homeowners $ 452 a year.

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Projet Montréal launched the last week of the municipal election campaign on Monday with an offer of $ 1,100 a year in potential savings for families.

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In a statement, the party said that if elected, there would be a 50 percent decrease (from $ 54 to $ 27) in the cost of a monthly transit pass for users ages 12 to 17. “For a family with two teens, that represents an annual savings of $ 648,” the party said.

In addition, Projet Montréal, which is led by incumbent mayor Valérie Plante, said its intention to establish a “differentiated” rate for municipal taxes would save middle-class homeowners about $ 452 a year. “The differentiated tax rate will give a tax refund to middle-class homeowners thanks to a transfer of part of the residential tax burden to more expensive homes,” the party wrote.

The statement says that the differentiated tax rate that has been applied to small businesses has resulted in owners of buildings worth less than $ 750,000 benefiting from tax cuts of about 16 percent in the last four years, and that 90 percent of the city’s small businesses benefited from the measure.

Reference-montrealgazette.com

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