The Ontario government said it is making $300 million available to businesses required to close or significantly restrict services in areas subject to modified Stage 2 public health restrictions (Ottawa, Peel, Toronto, and York Region) or, going forward, in areas categorized as Control or Lockdown.

Rebates will cover the period of time that businesses are required to temporarily close or significantly restrict services as a result of being located in areas subject to the targeted modified Stage 2 public health restrictions or, going forward, in areas categorized as Control or Lockdown. The property tax rebates will be net of any federal support in respect of property taxes provided through the new Canada Emergency Rent Subsidy (CERS), so that the rebate will cover costs beyond those covered by CERS.

Beginning November 16, 2020, eligible businesses will be able to apply for temporary property tax and energy cost rebates directly to the province through a single, online application portal. Many businesses should expect to receive their rebate payments within a few weeks of finalizing and submitting their completed application. Eligible businesses include restaurants, bars, gyms and cinemas.

Finance Minister Rod Phillips noted that Ontario’s Action Plan has three pillars. “The first is protect. The second pillar is support, because we know COVID-19 has brought severe challenges and economic difficulties to families and employers. Supporting businesses affected by necessary public health restrictions in regions experiencing a greater risk from COVID-19 is one way we are helping employers manage during these difficult times,” said Minister Phillips.

Through Ontario’s Property Tax and Energy Cost Rebates program, the government is building on its collaboration with federal partners to ensure eligible businesses receive the financial help they need as a result of targeted provincial public health restrictions.

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