Update of municipal tax law: Province extends COVID-19 property tax relief for owners of shopping centers (and other businesses) in restricted areas:
December 10, 2020
Minden Gross LLP
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Following our “Local Tax Act Update: COVID-19 Property Tax Relief For Eligible Companies” dated November 17, 2020 (click here for a link), an update was made to the Ontario Government website on December 1, 2020 to expand the COVID-19 property tax refund program to include the following additional businesses that would be eligible when a region is locked::
- Retail must be closed for personal purchases;
- Shopping centers;
- personal services;
- Driving instruction;
- Tour and tour guide;
- Photography services; and
The full government publication can be found at: https://www.ontario.ca/page/businesses-get-helpcovid-19-costs
The content of this article is intended to provide general guidance on the subject. You should seek advice from a professional about your particular circumstances.
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