Extending the Deadline for Property Taxes is Necessary during these Difficult Times
31 March 2020
The City of Edmonton’s decision to defer commercial and residential property taxes to September 30th will help businesses struggling with the impacts of COVID-19, and it could pave the way for greater rental relief if these savings are passed on to tenants.
“We talk to business owners every day about what they need during these difficult times,” said Janet Riopel, President & CEO of the Edmonton Chamber of Commerce. “Many tell us that extending the deadline for property taxes is one of the best ways that municipal governments can help them.”
COVID-19 is a public health crisis with devastating economic impacts. We recognize that all orders of government are working hard to deliver supports to businesses in need but, in many cases, available benefits are not reaching businesses quickly enough. After losing most or all of their revenues, Alberta’s job creators cannot wait weeks for assistance. By then, some of them will already be out of business.
“Many businesses have reached their breaking point,” said Riopel. “While this is only one of many supports employers desperately need, deferring property taxes for a few months will make a difference for many business owners. Right now, every little bit helps.”
As extending the deadline for property tax payment will significantly impact the City’s revenues, we encourage all orders of government to work together to ensure the City has the financial resources they need to continue delivering essential services to Edmontonians.