In November of last year Mayor John Tory announced a new small business tax that was meant to reduce the property tax burden that small businesses must pay to the city. In theory, this meant an across the board decrease of 15 per cent for properties that met two criteria: lot size and value. It turns out however, that the methodology chosen by the city is so flawed that it appears that as many as 20 per cent of properties will not get the break even though they meet the requirements.  Read more

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