MFOA Comments on 2020 Provincial Budget Changes to the Property Tax Regime
MFOA has submitted comments to the Ministry of Finance outlining concerns with the reduction of the Business Education Tax (BET) rate to 0.88% in 2021; and the creation of a new optional small business property subclass. Overall, changes proposed to the property tax and assessment regime in the 2020 provincial budget present both opportunities and challenges for municipalities. While MFOA supports both proposals’ intent, we believe that the risks of unintended consequences are high. Effective communication and due care will be critical to their success.
To access the letter, please download the PDF below. For any questions please contact Shira Babins (email@example.com).