New Property Tax Class

In September, the Toronto Star published an article announcing that the Province had given the green light to consider a new property tax classification, which would make some arts and culture facilities eligible to receive relief from property tax bills pegged to market values. On December 6, 2017, City Council voted to establish this new tax class for creative facilities, in time for the 2018 budget, as reported by Councillor Cressy.

Many have been working to effect change on this issue threatening the sustainability of some arts and cultural spaces and we applaud the tenants at 401 Richmond and Margie Zeidler of Urbanspace Group for their vocal advocacy. We have also been hard at work this year, behind the scenes, and in fact it was Artscape that first proposed the solution of a new property tax sub-class for arts and cultural facilities.There are many details yet to be worked out, but we are thrilled that our collective efforts have resulted in this breakthrough which we hope will have a positive impact on the future cultural development of our city. We will keep you informed as the proposed model takes shape.