Ontario Government Confirms Treatment of Industrial Properties
Creating Jobs and Reducing Regulatory Burdens in 12 Sectors Across Ontario
April 2, 2019 12:17 P.M.
Ontario’s government is putting people first by passing the Restoring Ontario’s Competitiveness Act (Bill 66). Along with regulatory changes, the Act will reduce specific regulatory burdens in 12 sectors, helping businesses to grow — and open Ontario for business to create and keep good jobs.
Our government is taking over 30 actions to make it easier for businesses to create jobs and for people to find them. These actions will cut business costs, harmonize regulatory requirements with other provinces and states, end duplication and reduce barriers to investment.
Protects industrial lands
Ministry of Finance
The government has confirmed with the Municipal Property Assessment Corporation (MPAC) that it is assessing industrial properties on current permitted uses, not speculative uses
MPAC administers the property assessment system in Ontario. This measure provides greater certainty for Ontario’s business community, and confirms that the methodology MPAC uses to assess business properties is based on permitted land uses only, not on speculative uses. This protects businesses from steep property tax increases on employment lands where land values have jumped because of new residential developments nearby.
More can be found in the Backgrounder document at