Thousands of Toronto homeowners failing to do something that's now required Toronto TorontoRealEstate RealEstate
Residential properties that are declared vacant for six months or more during the taxation year and without an eligible exemption will be required to pay the tax.
A tax of one per cent of the Current Value Assessment will be imposed on all Toronto residences that are declared/deemed/determined vacant for more than six months during the previous year. City Council's amendment to the Vacant Home Tax bylaw also includes a change to the payment dates for the tax. Instead of a one-installment payment date of May 1, owners of properties subject to the tax can submit payments in three installments on May 1, June 1, and July 1.The City will be mailing reminder notices to property owners who did not declare their property's occupancy status by the original Feb. 2 deadline.
If you've missed the deadline, you can make the declaration of your property's occupancy status on the
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Experts say Toronto is in big trouble unless thousands of rental units are built fastThe Greater Toronto Area (GTA) is facing a critical shortage of rental units, and experts are warning that the region's deficit in rentals could do...
Read more »
Toronto restaurant forgoes wages to help Turkish earthquake relief effort - Toronto | Globalnews.caA Toronto restaurant owner and his staff are forgoing their pay for a week to help with relief efforts in earthquake-ravaged Turkey.
Read more »
Siakam, Barnes ignoring trade deadline speculation as Raptors could be sellersAfter seven seasons with the Toronto Raptors, Pascal Siakam is over trade deadline speculation. 'I’m at a point in my career where it really doesn’t matter.”
Read more »
Nearly 95,000 pieces of plastic were removed from Toronto Harbour in four monthsToronto’s Harbour is now free of nearly 100,000 pieces of plastic, thanks to Ports Toronto and the University of Toronto’s Trash Team.
Read more »
Nearly 95,000 pieces of plastic were removed from Toronto Harbour in four monthsToronto’s Harbour is now free of nearly 100,000 pieces of plastic, thanks to Ports Toronto and the University of Toronto’s Trash Team.
Read more »