Real Estate News

Toronto Vacant Home Tax February 2,2023

Have you received your Vacant Home Tax notice in the mail? 

All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2,2023

A declaration is not required if the property does not contain a residential unit (for example, vacant land, parking space or condominium locker). A residential unit is comprised of one or more self-contained units that include a dedicated washroom and kitchen.

Though all homeowners are required to submit a declaration of occupancy status, the tax does not apply to:

  • properties that are the principal residence of the owner
  • properties that are the principal residence of a permitted occupant or tenant
  • properties that qualify for an exemption

Residential properties that remain vacant for more than 6 months in any year, or where a property owner fails to make a declaration by the required due date will be subject to pay the vacant home tax, at a rate of 1% of the property's 2022 Current Value Assessment (CVA). Late declarations may be subject to a fine of $250.00. 

For the full report continue to read HERE.


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David Stoddard
David Stoddard
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