Toronto Vacant Home Tax: Everything you must know as Toronto homeowner
The City of Toronto recently announced the rules for the implementation of the Vacant Home Tax. Effective January 1, 2023, all residential property owners in Toronto will be required to submit a declaration of the occupancy status of their property for the previous year. The deadline for declaring the 2022 occupancy status of a property is February 2, 2023. The online declaration platform will open in mid-December 2022. An annual tax will be levied on vacant residences in Toronto, payable beginning in 2023.