Toronto, – Ontario small business owners continue to pay far more than their fair share of property taxes, according to a report released today by the Canadian Federation of Independent Business (CFIB). The report compares property tax gaps in 230 municipalities, and concludes that on average, business property owners pay between two and three times more in property taxes than Ontario residents. The worst offender is the City of Toronto, where commercial owners pay almost four times more in property taxes than residents. Similarly, in the industrial class, businesses in Pembroke were charged four and a half times more than homeowners (see backgrounder). As such, property tax unfairness will be central during the upcoming municipal elections on October 27th.
