Tax break approved for Calgary’s small business owners

CALGARY- Complaining loudly about crushing tax hikes appears to have paid off for owners of small businesses in Calgary after moves by city hall that will see a 10% cut in non-residential property taxes this year.

Council voted unanimously during an emergency meeting Monday to slash $60,000,000 from its budget and pull nearly $71,000,000 from its reserves for tax rebates.

The vote followed a rally outside city hall yesterday morning during which hundreds of disgruntled business owners said they are facing massive tax hikes that could force a number of them to close their doors.