An Ontario resident said she got a bit of shock when she opened up a piece of mail from the City of Toronto last month, informing her that she owed more than $2,500 in taxes for the vacant Scarborough condo where she currently resides.
The City of Toronto is urging homeowners to declare the status of their property within the next nine days. Property owners have until Thursday, Feb. 29 to declare occupancy status
Toronto's New Vacant Home Tax is an annual tax that will be levied on vacant Toronto residences starting in 2023. The Bylaw supporting the new vacant home tax came into effect on January 1, 2022, and the tax will become payable in 2023.