For treasurer members in particular:

There are several proposed amendments to various legislation including the Assessment Act, and the Municipal Act, to enact proposed changes to property tax assessment for some businesses.

As mentioned in our in 2021, municipalities will have the ability to reduce property taxes for certain small businesses via a new 'small business' property tax class.

Some consideration will have to be given as to the definition of small business used by municipalities to ensure that this measure provides the support intended — particularly as there is a provincial commitment to consider matching these reductions. A on Tax Policy Tools to Support Businesses identified some considerations for implementing such a measure.

Additionally, the Bill proposes to extend property tax exemptions that already apply to land that is used and occupied as a memorial home, clubhouse or athletic grounds by an Ontario branch of the Royal Canadian Legion, units of the Army, Navy, and Air Force Veterans in Canada.

The Bill also proposes to allow municipalities to elect whether or not to have a vacant unit program — provided they pass a bylaw and unless otherwise prescribed or defined in the Municipal Act. Municipalities are also given several options respecting the requirements of their programs.

Overall, AMCTO is encouraged to see that the budget maintains the OMPF funding envelope, continues investments in broadband and modernizing government process and procedures — all of which are measures that align with our pre-budget submission.

For more information or to get involved in our advocacy efforts, please contact:

Alana Del Greco

Manager, Policy and Government Relations