How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The deadline to apply is 2024-05-16T00:00:00Z.

Who are the financial supporters of the Small Business Property Tax Subclass?

Small Business Property Tax Subclass is funded by City of Toronto

What are Small Business Property Tax Subclass's eligibility criterias?

Property must be within the Commercial or New Commercial Property Tax Class (CT or XT) Current Value Assessment must meet specified ranges ($10,000–$1M citywide; up to $7M in designated areas) Certain property types (such as office buildings, shopping centres, parking lots, and vacant land) are excluded

Small Business Property Tax Subclass

Last Update: July 22, 2025

Toronto, ON

Toronto offers small business property tax reduction program

Small Business Property Tax Subclass at a glance

Eligible Funding

No Condition

Timeline

Open Date : February 16, 2024
Closing date : May 16, 2024

Financing Type

Tax Credits

Eligible Industries

Retail trade

Grant Providers

City of Toronto

Program status

Open

Overview of the Small Business Property Tax Subclass program

The Small Business Property Tax Subclass program provides a maximum reduction of 35% for eligible small business properties' municipal taxes and a 15% reduction on the provincial education portion of property taxes. The purpose of the program is to offer tax relief to small business property owners in Toronto by reducing their property tax rates under specific eligibility criteria.

Financing terms and conditions

Eligible properties receive a 15% reduction on the commercial property tax rate for the 2024 tax year.
The Province of Ontario provides a matching 15% reduction in the provincial education portion of property taxes for eligible properties.

Eligible projects & activities

Operation of eligible small business commercial properties within designated areas in Toronto.

Eligibility criteria of the Small Business Property Tax Subclass program

The property must be classified within the Commercial or New Commercial Property Tax Class (CT or XT classification), with certain property types excluded.
The property's current value assessment must fall within the specified range for its location (generally between $10,000 and $1 million citywide, or between $10,000 and $7 million in designated downtown, waterfront, growth centres, or avenue areas).
For properties in downtown, waterfront, growth centres, or avenues: the lot size must be 7,500 square feet or less, or the gross floor area must be 2,500 square feet or less (for commercial condominiums).
For strip plaza properties: classified within the specified property codes, have two or more attached retail establishments with shared/common parking, a value assessment between $10,000 and $7 million, and both site area and gross floor area less than or equal to 25,000 square feet.

Who is eligible?

Owners of commercial or new commercial properties within eligible areas of Toronto
Owners of identified strip plaza properties classified as commercial
Retail property owners with multiple attached establishments and shared parking (within defined property types)

Who is not eligible

Properties classified as office buildings.
Properties classified as shopping centres.
Properties classified as parking lots or vacant land.
Land already classified within the Creative Co-location Facility subclass or Vacant Land subclass.
Properties that do not contain an affixed building or structure, or land for which a demolition permit has been issued.

Eligible geographic areas

City of Toronto, Ontario
Properties located within Downtown and Central Waterfront, Growth Centres, and Avenues, as defined by the City of Toronto

How to apply to the Small Business Property Tax Subclass program

Consultation of the Eligibility List

Access the City's Open Data portal to consult the list of properties eligible for the small business subclass.

Request for Review

Prepare the necessary information: assessment roll number, street number and address, names of owners.
Provide contact details and authorization if an agent is acting on your behalf.
Explain the reason for the contestation and provide all supporting documents.
Send the request by fax to 416-696-3424 or in person to payment and information counters.

Appeal Process

If you disagree with the decision, complete the appeal form and fax it to the Appeals Authority at 416-885-0462, and simultaneously to the Program Administrator at 416-696-3427 and 416-696-3424.
Consult the rules and procedures of the Appeals Authority for more details on the appeal process.

Additional information

Property owners do not need to apply as eligibility for the subclass is determined automatically and reflected in the final property tax bill.
The City may audit properties at any time to ensure continued eligibility; properties undergoing changes may become ineligible during the year.
A public list of eligible properties is maintained and updated through the City’s Open Data portal.
Tenants seeking benefit from the tax reduction should discuss with their landlord, as tenants cannot file disputes or appeals directly.