Toronto Home Owners MUST Declare by Feb 2nd: Toronto's New 'Vacant Home Tax'
Friday Jan 13th, 2023
ShareA new City of Toronto tax called the Vacant Home Tax (VHT) will be levied, annually, on vacant Toronto residences beginning this year. All Toronto residential property owners must submit a declaration of their property's occupancy status by February 2, 2023. VHT on vacant homes will be calculated at 1% of the property's current assessed value (not market value). The goal of the Vacant Home Tax is to increase the supply of housing by discouraging owners from leaving... [read more]
