Commercial, industrial taxes drop in Timmins.Timmins Timmins, town (1991 pop. 47,461), central Ont., Canada, on the Mattagami River. Timmins is the commercial center of the rich Porcupine gold-mining district, where gold was first discovered in 1909. Silver, copper, lead, and zinc are also mined. city council has released a municipal budget that offers an overall tax decrease of 3.34 per cent, but only the business community will see the cuts. The large industrial class will receive a 17.17 per cent decrease in taxes, while commercial property taxes will drop 3.71 per cent. Residential taxes increased 1.97 per cent. The decrease is due to a provincial Provincial has several meanings and may refer to:
v. mod·i·fied, mod·i·fy·ing, mod·i·fies v.tr. 1. To change in form or character; alter. 2. , and the assessment in Timmins went down. City officials are hoping cuts to business tax will spell new opportunities by attracting new businesses to the community and allowing existing ones to expand or diversify diversify To acquire a variety of assets that do not tend to change in value at the same time. To diversify a securities portfolio is to purchase different types of securities in different companies in unrelated industries. . |
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