The provincial government is taking new steps to support B.C. businesses, non-profits and other organizations through the Covid-19 pandemic by:
- further reducing the school property tax rate for commercial properties to achieve an average 25 per cent reduction in the total property tax bill for most businesses, providing up to $700 million in relief. This enhances the 50 per cent reduction to the provincial school property tax rate that was originally announced forclasses 4, 5, and 6.
- Postponing the date that late payment penalties apply for commercial properties inclasses 4,5,6,7 and 8 to Oct. 1, 2020, to give businesses and landlords more time to pay their reduced property tax, without penalty.