Notice: Starting March 8, 2024, the Municipal Property Assessment Corporation (MPAC) will begin issuing amended Assessment Notice (PRAN) to commercial class property owners who meet the new 2024 eligibility requirements for identified strip plaza properties for inclusion in the small business subclass.
City webpages have been updated with recent information concerning the Post Roll Amended Notice (PRAN) mailing, new eligibility criteria for “Identified Strip Plaza” properties and a link to “Open Data” for a list of eligible properties. Please visit the page Small Business Tax Subclass to learn more.
In November of 2021, Toronto City Council adopted the report Implementing a Small Business Property Tax Subclass, which provides a reduction in the tax rate for eligible small business properties. The Province of Ontario will provide a matching reduction in the provincial education portion of property taxes for eligible properties.
Business property owners whose property has been included in the small business property tax subclass do not need to take any further action – the small business subclass classification and reduction in tax rates will be reflected in your final property tax bill.
Tenants of eligible small business properties should speak to their landlord about receiving this reduction.
Applicants wanting to appeal , must of received a decision from their Request for Reconsideration – RfR and file their appeal within 90 days from the date of the decision.
Find out if your location is included in the Small Business subclass - List of Eligible Properties.
Learn more about eligibility and the appeal process for the Small Business Tax Class .