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ARTICLE · 14 MAY 2018

New Toronto Cultural Co-location By-law

Borden Ladner Gervais LLP
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On February 12, 2018, the City of Toronto passed a by-law that could reduce property taxes by 50 per cent for some culture hubs and creative spaces.

CanadaReal Estate and Construction
Brennan Carroll
Brennan Carroll
Anthony Deluca
Anthony Deluca
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On February 12, 2018, the City of Toronto passed a by-law that could reduce property taxes by 50 per cent for some culture hubs and creative spaces. By-law 168-2018 amends Municipal Code 767, Taxation, Property Tax, by adding a new property tax subclass for creative co-location facilities under the Commercial Residual and Industrial property tax classes. The new Creative Co-location Facilities subclass will reduce property taxes by 50 per cent for those properties that qualify.

Property owners seeking inclusion in the subclass will need to demonstrate that they satisfy the city's eligibility criteria via an application process. Properties in the Commercial Residual or the Industrial property tax classes must meet the following criteria in order to qualify:

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