Residential property home owners in Toronto have until February 29, 2024 to submit their declaration of 2023 occupancy status or face a fee for failure to declare.

Registered owners of properties in Toronto that are classified as residential property class are required by a City of Toronto by-law to declare the occupancy status of their properties every year, for Vacant Home Tax assessment- if applicable.

On this episode, I talk about this declaration and consequences for late filing, as well as the City of Toronto's Vacant Home Tax, the rationale behind it, and exemptions.

Read more and submit declaration on the City of Toronto's website here: https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/