Attention Toronto homeowners! Today is the last day to declare the occupancy status of your properties to avoid the city’s vacant home tax. Owners who leave their properties vacant for more than six months are subject to this tax. It is crucial that every homeowner declares their occupancy status by the end of February to avoid any penalties.
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Key Information:
Here are some important points to keep in mind:
| Deadline: | End of February |
| Fee for Late Declaration: | $21 |
| Notification Date: | End of March |
Frequently Asked Questions:
Q: What happens if I fail to make a declaration?
A: Homeowners who fail to make a declaration will have their properties deemed vacant and will receive notifications by the end of March.
Q: How can I make a declaration?
A: Declarations can be made through the City’s online portal. Make sure to submit your declaration before the deadline to avoid any issues.
Q: Can I get an extension on the deadline?
A: It is important to adhere to the deadline to avoid any penalties. Extensions may not be granted, so make sure to act promptly.
Summary:
Toronto homeowners, don’t forget to declare the occupancy status of your properties by the end of February to avoid the vacant home tax. Make sure to submit your declaration through the City’s online portal to stay compliant with the regulations. Failure to declare may result in penalties, so act now to avoid any issues.
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