Metrolinx Proposes Family Combined Taxes of $477 Per Year to Pay For GTA Transit

Metrolinx Proposes Family Combined Taxes of $477 Per Year to Pay For GTA Transit

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To pay for upgraded transit infastructure within the GTA (also known as the Greater Toronto Area, which also included Hamilton in Extention (GTAH) Metrolinx, the provincial body tasked with providing transit infastructure in the GTA announced new taxes, levies, and development charges which will be applied to all Ontarians and specifically those in the Greater Toronto Area in order to pay for them. Metrolinx has a broad plan to improve transit in the Toronto Area including new subuways, commuter rail, Airport Rail Links, as well as regional transit and LRT lines in Suburban Cities such as Mississauga and Brampton.

There was angry reaction to the plan by some, whom favour spending more money on car infastrucure or those who do not favour rasing taxes at this time. Metrolinx acknowledged that there would be opposition to it's plans, however due to increasing gridlock it has almost no choice otherwise the GTA will choke on congestion. The taxes are neccessary in order to assist with the smooth transport of people and goods throughout the region.


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About Ascension Health Ventures

Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.


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