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Tax break created for Toronto's endangered live-music venues

from The Star

Tax break created for Toronto's endangered live-music venues The Star Live music venues, already hit hard by closures as a result of COVID-19, have been thrown a lifeline in the form of a proposal to reduce commercial property taxes by 50 per cent. “If you thought this work was important before COVID, it’s absolutely essential now. What we’ve heard from venue owners is that there’s a real risk that, coming out of COVID, we could see dozens of venue closures,” said Councillor Joe Cressy, chair of the Toronto Music Advisory Committee, which unanimously endorsed a plan by city staff. READ MORE

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