The City of Ottawa is looking to cut property taxes for small businesses by 10 per cent, and pay for it by increasing taxes paid by big-box stores and other large commercial properties. It's one of few tools the municipality has to help small businesses hit hard by COVID-19 shutdowns, and possibly the one with the most impact so far, according to the Ottawa Coalition of Business Improvement Areas. When it does take effect, the new small business tax discount is to be permanent. "I think it's a long-term view in terms of giving that relief to small businesses — something they probably have needed for a long time," explained the city's chief financial officer Wendy Stephanson. It's anticipated most small offices, small retail, restaurants, motels, assembly halls, daycares, and marinas would receive the 10 per cent cut.

Source: CBC News March 26, 2021 21:24 UTC