UPDATE: the filing deadline for 2023 VHT is February 29, 2024. The declaration portal is up and running. By now every homeowner of a residential property in Toronto should have received a letter notification from the City of Toronto about filling out the questionnaire regarding the status of their property for the purpose of the Vacant Home Tax reporting. If you have not received the notice, you will still need to file the declaration or face fines. The filing is mandatory for every... [read more]

For 2024 taxation year the Toronto Vacant Home Tax is set to increase from 1% to 3% annually of the assessed property value. In addition to the increase of the tax rate the following changes have been approved: Change to payment due dates. Change to the definition of the current value assessment. Clarification of the six months period which means 183 days. Expansion of the definition of the tenant to include business tenant in situations where the property is assessed as residential... [read more]