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COVID-19: Ottawa small business property tax cut proposed for 2022

Jim Watson city Ottawa covid-19 Small businesses Coronavirus
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small businesses a break on property taxes while asking big box stores to foot the bill for any losses in revenue.The proposal is among a package of COVID-19 recovery supports that still require approval from city council and, in some cases, the province.The new tax subclass would reduce property taxes by 10 per cent for roughly 4,700 commercial properties in Ottawa that are home to some 7,800 small businesses.

The subclass would cover slightly more than a third of the 12,000 commercial and industrial properties in the city. COVID-19 pandemic devastated Ottawa business confidence, survey says The average small business property assessed at $600,000 currently pays $15,000 in municipal and education taxes, according to the city.

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