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Due to the significant assessment reduction of the former County Fair Mall, the Town of Smiths Falls owes its former owner, RioCan, over $1.4 million in taxes they pai
stanley cup d to the town.The portion of the refund owed includes the education portion valued at $453,388.07 and the municipal portion valued at $974,736.27 for the years 2013, 2014, 2015 and 2016, totalling $1,428,124.07 鈥?after vacancy rebate clawbacks are applied.According to a town report tabled at a special committee of the whole meeting on Monday, Nov. 20, RioCan the former owner of the County Fair Mall 鈥?now called the Settlers Ridge Centre owned by local company Guy Saumure and Sons 鈥?had appli
stanley mug ed for a reduction in the assessed value of the mall in most years between 2009 and 2012; most assessment reductions averaged about three to five per cent. ARTICLE CONTINUES BELOW In 2006, the full assessment of the property was $8,854,000. And according to the towns report, over the next 10 years the assessment increased to a high of over $15 million in 2014 鈥?Target arrived at the mall at the end of 2013. Property taxes paid in those years including the education portion went from $457,188 to $701,585, and then dropping in 2016 to $629,126. The final tax bill for 2016 was $533,512.RioCan also applied for vacancy rebates in the years between 2006 and 2014, which ranged be
stanley thermos mug tween $14,250 and $22,355. Vacancy rebates in 2015 and 2016 were considerably higher at $85,857 a Gbhq Today s coronavirus news: Health Canada has approved Pfizer s antiviral treatment; Ontario reports 3,887 people in hospital and 578 in ICU
Canada Revenue Agency CRA is considering possible changes to the personal income tax filing season due to the COVID-19 pandemic.In a statement to toronto, the federal agency said it is monito
stanley cup ring the evolving situation closely and that Canadians can count on the CRA to provide the critical services on which they rely.Those services include the continuation of benefits payments to benefit recipients, and associated functions, including the processing of returns and responding to calls received in CRAs Income Tax and Benefit Enquiries and Business Enqui
stanley italia ries call centres, the agency said. ARTICLE CONTINUES BELOW Activities associated with the CRAs contribution to the Government of Canadas response to the COVID-19 pandemic, especially as it relates to supporting Canadas economic resilience during the pandemic; activities associated with the CRAs internal management of our organizations response to the pandemic, especially as it relates to the safety and security of our workforce, it added. The deadline to file personal income taxes for 2019 is April 30. The CRA did not directly answer if i
stanley cup t would change the date. ARTICLE CONTINUES BELOW The Government of Canada is currently evaluating measures to address financial hardship for Canadian taxpayers and businesses, including possible changes to the personal income tax filing season. Updates w