Neither the Provincial or federal government have committed to any rent freezes or deferrals for small businesses.
If you are a small business owner, Toronto Association of Business Improvement Areas (TABIA) has compiled a list of financial resources, in the form of tax breaks and deferrals to help you get through the next couple of months here.
The Retail Council of Canada has compiled a list of resources and frequently asked questions that may also be useful.
I encourage you to complete this City survey to share how the COVID-19 pandemic is impacting your business, and what information or supports you and your employees need. The Mayor’s Economic Support & Recovery Task Force is focused on quickly determining what supports and stimulus work needs to be done, working with industry partners to identify actions to support businesses, workers and residents. Learn more about the Economic Support & Recovery Taskforce here.