vacant home tax

Toronto Vacant Home Tax

Feb 29th Deadline: Avoid Paying Toronto’s Vacant Home Tax with These Tips

Introduction The City of Toronto has implemented the Vacant Home Tax, a levy targeting residential properties that remain unoccupied for extended periods. As part of efforts to alleviate the housing crisis and bolster municipal funds, this tax incentivizes property owners to either inhabit or rent out their homes. With the Feb 29th deadline fast approaching, property owners must promptly declare their...

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