Understanding Toronto's Proposed Property Tax Increase: What It Means for You The City of Toronto is looking at a 6.9% property tax increase this year to support its $18.8-billion budget for 2025. This hike includes a 5.4% rise in residential property taxes and an additional 1.5% increase in building levy fees. For the average homeowner, this means an extra $210 on your annual bill, plus another $58 to fund improvements in transit and housing. Here’s what’s going on and... [read more]

Toronto Vacant Home Tax Declaration Deadline:  Ensure Compliance by Month End Due: February 29, 2024   Introduction: Discover the crucial deadline approaching for Toronto residents - the vacant home tax declaration. Designed to combat the housing crisis and boost rental availability, this tax requires property owners to declare the occupancy status of their homes. In this blog post, we'll delve into the essential details of Toronto's vacant home tax declaration and... [read more]