City of Toronto's small businesses are now benefiting from changes being made to the City's property tax policies. On October 22, 2007, City Council approved the "Update to Enhancing Toronto's Business Climate" status report that highlights 12 new initiatives to enhance the City's competitiveness over the long term.

The report recommended property tax relief measures for small and medium-sized neighbourhood retail properties, and for non-retail office, hotel and industrial developments. See the report for updates and initiatives.

Other City efforts to enhance competitiveness have resulted in a successful agreement with the provincial government to reduce business education tax (BET) rates for the City of Toronto businesses closer to the average of the surrounding GTA municipalities, creating a new, fair water rate structure for industrial and manufacturing companies and continuing the relief of development charges for the city's commercial industry.


Reports

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