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ARTICLE · 04 MAY 2018

Property Taxes: What's New And Exciting?

Minden Gross LLP
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In 2017, the Province announced that it would give municipalities greater flexibility in administering the existing vacant unit rebate program, with a view to limiting or even eliminating the rebate...

CanadaTax
Minden Gross LLP
Minden Gross LLP
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ELIMINATION OF THE VACANT UNIT REBATE

In 2017, the Province announced that it would give municipalities greater flexibility in administering the existing vacant unit rebate program, with a view to limiting or even eliminating the rebate program altogether. Many, if not most, municipalities have taken advantage of this flexibility, with the following examples:

City of Toronto:

From July 1, 2017 through to June 30, 2018, the vacant unit rebate for properties in the Commercial class will be reduced from 30% to 15%. The Industrial class percentage of 35% will not change.

Effective July 1, 2018, the vacant unit rebate program will be discontinued. Applications for vacancies occurring between January 1, 2018 and June 30, 2018 must be filed by

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