Over the past few weeks, many have written to my office about
the tough situation many of our local businesses find themselves in. The
vacancy rates and loss of jobs in our downtown core has increased the pressures
on other businesses outside of our downtown core.
Part of the increase non-residential property owners are
seeing is due to the ongoing consolidation of the business tax into the
non-residential property tax. And part of it is in the shift of the
non-residential property value away from the city centre to the outer
This morning, Council approved a strategy to help address
pressures on Calgary’s non-residential property owners.
The 2017 Municipal Non-Residential Phased Tax Program (PTP) is a one-year program that was put in place to assist non-residential properties impacted by large shifts in market value in 2017. Under the PTP, non-residential municipal tax increases will be limited to five per cent (not including the effects of business tax consolidation or any provincial tax increase).
The PTP will assist an estimated 6,000
business property owners and approximately 9,000 businesses. This program
will be funded by a transfer from the Community Economic Resiliency Fund, as
well as savings found through departmental reviews and other initiatives last
It will likely cost $45 million to keep any increase to non-residential
property taxes capped at 5%, excluding the effects of the tax consolidation.
Please note this applies to The City’s property tax only, and that the Province
will determine their requisition at a later date.
If you are a non-residential property owner or business
owner check out the tax calculator to see if you will be eligible for the PTP.
Learn more about Assessment
This content represents the personal views and opinions of the Ward Councillor and should not be taken as a statement of policy of The City of Calgary. The inclusion of any external content does not imply endorsement by The City of Calgary.