by admin | Feb 18, 2023 | 2023 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Along comes complicated federal Underused Housing Tax, just as property owners are busy filing returns for the city’s vacant unit tax, says Bob Aaron. As if property owners in Toronto didn’t have their hands full filing returns for the City’s vacant unit tax, along...
by admin | Feb 4, 2023 | 2023 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Empty homes face tax of one per cent of provincial assessment, but some do not, writes Bob Aaron. The deadline for declarations has been extended. The City of Toronto vacant home tax has caught many owners by surprise, and understanding all of the available exemptions...
by admin | Jan 23, 2023 | 2023 Toronto Star Property Law Columns, Toronto Star Property Law Columns
Instance of money being found in Bracebridge, Ont., focuses issue of unclaimed property in Ontario. It’s not always finders keepers, says Bob Aaron. When I heard that the Ontario Provincial Police in Bracebridge were looking for the owner of “a significant amount of...
by admin | Jan 7, 2023 | 2023 Toronto Star Property Law Columns, Toronto Star Property Law Columns
The 1 per cent charge on homes that go unoccupied for more than 6 months of the previous year is still a work in progress, write Bob Aaron. The City of Toronto’s new Vacant Home Tax is now in effect on Toronto residences. With certain exemptions, the tax applies to...
by admin | Dec 24, 2022 | 2022 Toronto Star Property Law Columns, Toronto Star Property Law Columns
The new annual tax kicks in on January 1 and home buyers should be vigilant to avoid being on the hook for penalties of up to $10,000. Toronto’s new annual tax on vacant residences kicks in on January 1, and it will have a significant impact on how real estate...
