On October 22-23, 2007 Toronto City Council approved the Personal Vehicle Tax (PVT) as a new taxation measure within the City of Toronto, pursuant to the statutory authority granted under the City of Toronto Act, 2006.

The report “Personal Vehicle Tax- Administrative Design Features and Implementation Authorities”, was approved by City Council on April 28, 2008.

The tax is designed to be compatible with the Provincial vehicle permitting system, and to be implemented in a manner that is fair to all taxpayers.
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As children head back to school, drivers need to be cautious in areas such as school zones, crosswalks, bus stops and wherever children may be around.

Below are some back to school driving tips: [Read the rest of this entry...]

Driving an automobile requires your full attention and concentration. When you’re at the wheel, you have to be constantly on the lookout for anything that might occur on the road unexpectedly. Use of a cell phone while driving, therefore, is a major distraction. [Read the rest of this entry...]

By Jennifer Reed, Automotive Group Editor - Auto Remarketing
July 29, 2008

ATLANTA — Manheim Consulting’s chief economist Tom Webb recently discussed current market trends, including leasing, repossessions and more.

According to Webb, lease penetration rates, although not actual volumes, gained ground this year.

“In today’s market, it is easier to sell consumers on the advantage of avoiding the residual risk that is inherent in a retail finance contract,” Webb explained. “But what does this mean from the lessor’s standpoint? If the portfolio is not overly subvented and contains a good mix of vehicles, it should perform well.”
However, as Chrysler and Ford recently reported, their mix has been heavily on the side of larger vehicles, which many consumers are losing interest in. This means big hits on residuals. [Read the rest of this entry...]