COVID-19 has affected businesses of all sizes in many ways.
The provincial government has announced a $7 million rebate program to help the service sector – restaurants, gyms, hair salons and small businesses – weather the impact of the COVID-19 shutdowns.
The Small Business Real Property Tax Rebate Program provides qualified businesses a one-time rebate of a portion of their paid property taxes. Qualified businesses can choose a rebate of $1,000 or 50 per cent of the commercial real property taxes paid for the final six months of the 2020-21 tax year.
“This is cash in the pockets for restaurants and other small businesses in the service sector,” said Premier Iain Rankin in a press release. “The rebate may be based on property taxes but is designed to be used by business owners to support any aspect of their business, including hiring staff or paying down debt, paying utilities or ordering supplies.”
Nearly 3,300 businesses are eligible, including dine-in restaurants and drinking establishments; gym and fitness establishments; hair salons and barber shops, spas, nail salons and body art establishments.
Labi Kousoulis, minister of Inclusive Economic Growth said, “This program will provide eligible businesses with financial support.”
More details – including how to apply online- will be available mid-March at https://novascotia.ca/coronavirus/support/#support-for-business .