Atlantic property tax gap report

This report shines a light on the gap between residential and commercial property taxes across Atlantic Canada. The property tax gap is the difference between the residential and commercial tax rates for properties within the same jurisdiction. In Atlantic Canada, the rates for commercial properties are often more than two times those of their residential counterparts. Further, CFIB’s 2023 Atlantic Municipal Survey found that property taxes are the top concern for 71% of small businesses in Atlantic Canada.

By implementing our recommendations of closing the property tax gap, reducing the provincial portion of property taxes, and ensuring municipal spending is sustainable, the property tax gap in Atlantic Canada can be closed and overall property tax rates can be decreased.