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. 

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