Industrial Property Tax Deferral Program

News Release: April 17, 2025 - City of Toronto launches Industrial Property Tax Deferral Program to support local manufacturers impacted by U.S. tariffs

City Council has approved an Industrial Property Tax Deferral Program to provide support to the most impacted businesses in the industrial property tax class. Rate payers in the industrial class can defer up to six months of tax payments and avoid any late fees for the period of June 1 through November 30, 2025.

To qualify, applicants must provide documentation demonstrating tariff-related impacts to their business operations by the October 31, 2025 submission deadline. Applicants should be prepared to upload the following documents when applying:

• Documents that establish disruption of business operations or reduced business income beginning March 4, 2025, in relation to the same time frame last year, including:
• gross receipts
• revenue from sales
• profit/loss statements
• cash flow statements
• reduced contracts for goods and services
• other documentation that shows financial hardship
• Signed declaration of the business owner or operator certifying that information submitted is true and complete.