The newly established Crescent Heights Business Improvement Area (BIA) has more than 100 shops and restaurants. GOOGLE STREET VIEW
Two Calgary city councils are providing an additional $ 9 million for city businesses by waiving royalties through 2022.
The city of Calgary administration has recommended freezing royalties at $ 0 for 2021. Jeff Davison and Ward Sutherland want this to be extended to 2022.
“Calgary’s small businesses have been hard hit by COVID-19,” said Davison.
“By eliminating US $ 0 license fees for new and existing businesses, we want to prove that Calgary is ready and open for business.”
Earlier this month, Davison successfully amended a motion from Councilor Jeromy Farkas. The original application provided for a flat tax cap of 0 percent across the board. Davison changed it to keep a 10 percent cap for some businesses but set aside $ 30 million for small and medium-sized businesses in Calgary. The original request would have resulted in large multinational corporations receiving most of the relief.
At the combined council meeting on March 22nd, the council members will examine measures aimed at reducing the burden on companies. At this point, Sutherland and Davison will attempt to change the management recommendations.
Currently, corporate license fees range from $ 100 to $ 1,284 for new businesses and $ 64 to $ 782 for renewal. The cost of this relief is approximately $ 9 million.
“This is about restoring the Calgary advantage and promoting Calgary as a place of business in western Canada,” said Sutherland.
“We know that the economic recovery from COVID-19 will take time. By waiving license fees for longer, we hope to give small businesses room to breathe now and when they restart. “