The deferral is retroactive to March 16 and would cover property taxes, water and solid waste utility bill payments for all residents and businesses, Tory said in a statement issued on Friday.
“The COVID-19 pandemic has turned people’s lives upside down overnight,” Tory said.
“We know families are struggling to figure out how to make ends meet while also worrying about their health and the health of their loved ones. Toronto businesses and residents need to know that we understand these are extraordinary circumstances and we are here to support them.”
Late payment penalties for both residential and businesses will be waived starting on March 16 for 60 days.
“The immediate grace period announced today will give people relief as we all work to rebuild the economy,” Tory added.
The mayor is asking for landlords to provide accommodation and leniency to renters “because it’s the right thing to do” and for small businesses on the timing of rent payments as they may be experiencing severe cash flow difficulties.
The City said for properties on a regular three-installment payment plan, the next required payment will be on June 1.