Small business property owners in Ottawa will see tax savings this year, city says

  • 📰 ctvottawa
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 67%

Business News News

Business Business Latest News,Business Business Headlines

Small business property owners will see a 15 per cent break on their City of Ottawa property tax bill this year, which will save them thousands of dollars.

The finance and corporate services committee will approve the property tax classes and tax reductions for the 2024 tax year on April 2, including tax relief for small business property owners.

The city said the new small business property tax subclass will benefit 5,800 properties or over 10,000 small businesses. "Since the start of the pandemic in 2020, we have seen countless businesses in our communities close due to rising inflation and uncontrolled rent hikes. Now that we have reached the so-called post-pandemic era, long-standing community hubs are set to close.

Since the spring of 2023, more than $57 million has been reported stolen from Toronto residents in investment scams. Is the new variation, 'pig butchering,' making the problem worse?The Cree community of Waswanipi, Que., is in mourning after five people died in a collision between a pickup truck and a van in the rural town of Chapais on Thursday.Police in Ontario and Quebec arrested 34 suspects in a "major interprovincial operation" to address auto theft in Ontario.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 29. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines