By Canadian Press

TAX BREAK

Tax break approved for Calgary’s small business owners

Jun 11, 2019 | 9:07 AM

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.

Some even called for Mayor Naheed Nenshi to resign over the increases.

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City managers told councillors the budget cuts can be found but warned they will affect front-line services in every department, from planning to policing.

Taxes are due July 1 and Councillor Evan Woolley says the city will move quickly to get rebates out to businesses.

(CTV Calgary)