Calgary council is studying if it can alleviate the tax burden on businesses by raising taxes on homeowners. It was a big shift for a city that largely relied on that downtown tax income. Council is also trying to find savings, and could implement a separate small business tax bracket. 'Businesses are suffering'Gondek said to call the 'downtown tax shift' an urgent situation is understating its severity. The council committee voted to study Gondek's idea, and it will approve a plan to help business property owners at its March 18 meeting.

Source: CBC News March 06, 2019 03:40 UTC