City of North Battleford - Saskatchewan
Commercial Tax Subsidy
The program is only for commercially assessed properties
August 31st 2020

Local businesses are important to our community. They provide more than services and productslocal businesses support local teams, organizations and charities. Local businesses play an important part in the quality of life and activities we all enjoy.

The COVID-19 pandemic had brought a sizable portion of our local economy to a standstill, and for many businesses, it is not business as usual. To help alleviate the financial pressures that the COVID-19 pandemic has put on businesses the City of North Battleford is introducing a commercial tax subsidy.

What it is

  • The City of North Battleford will subsidize a line of credit loan for the 2020 Commercial Property taxes

  • The program is only for commercially assessed properties

  • Duration of interest subsidy is for three months: October, November and December, 2020

Limit

  • The interest rate subsidy is capped at 4%

Eligibility

  • Any property with their property tax in arrears as of December 31st, 2019, is not eligible

  • 2020 Property Taxes need to be paid by September 30th, 2020, to be eligible

Requirements

  • Owners will be required to sign a subsidy agreement with the City of North Battleford.

  • Owners will be required to provide the following proof as part of the application.

    • Proof that the owner of the property accessed at least one of the Federal COVID-19 business assistance programs

    • Written confirmation from a local financial institution that the line of credit exists.

    • Payment of the monthly interest subsidy is subject to written confirmation from the local institution that the interest was paid.

For more information about this program or to make an application, please contact the City of North Battleford Tax Clerk at 306-445-1706.

For more information:

Dustin Tungilik MacDonald, Communications Administrator
306-445-1713 | dmacdonald@cityofnb.ca

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