Owners of Ottawa properties that house small businesses can soon expect a 15 per cent tax break that could save them thousands of dollars. The tax discount will be implemented over two years, starting with a 7.5 per cent discount applied to the final 2022 tax bill for everyone who qualifies. Until now, owners of vacant commercial property received a 30 per cent tax discount, while owners of empty industrial property received a 35 per cent break. Although some small business owners also own the properties where they rent, many others are tenants. The property tax savings don't necessarily flow through to the person running the actual business.

Source: CBC News October 05, 2021 19:41 UTC