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arts and culture property tax subclass

What you need to know about toronto’s new arts and culture property tax subclass

For decades the City of Toronto has offered reduced municipal tax rates to charities and heritage properties, and this year, a new subclass was created to support not-for-profit arts and culture organizations and incubators—what a new City by-law describes as “Creative Co-Location Facilities.” Qualifying properties will be eligible for a 50% reduction in property tax.

 

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