Businesses in Edmonton are getting a bit of a break on their taxes this year after city council voted Wednesday to freeze the municipal portion of the tax bill for 2020. At the same time, council agreed to increase the municipal tax levy on homeowners by 2.5 per cent — up from a 2.1 per cent approved in December. (City of Edmonton)Council chose the formula over another option to increase taxes for both by 1.3 per cent, which would have yielded the same overall municipal increase of 1.3 per cent. A 1.3-per-cent tax increase for the owner of an average home in Edmonton would equal about $30 more a year, the city said. Ben Henderson voted for the zero per cent increase for businesses, saying it will have a profound impact on businesses rebounding after COVID-19 pandemic measures are lifted.

Source: CBC News April 29, 2020 23:54 UTC