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Originally Posted by OMG!WTF!
Kind of a sidebar but wouldn't the city still be getting property tax from these empty spaces? They're still owned and operated as property. Is it the business tax we're missing?
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Sorry you are right business tax for now but soon to be non-residential property tax. Per the the City of Calgary's website "The City is phasing out the business tax through a gradual transfer of the business tax revenues to the non-residential property tax. Each year, business tax bills will go down and non-residential property taxes will increase. The business tax will be eliminated in 2019." As Nenshi was talking about the 4 year financial report perhaps this is why he refereed to them as property taxes and not business tax.