Property Tax

Property tax premiums loom for non-resident purchasers and owners of Nova Scotia residential properties


Property tax premiums loom in Nova Scotia

Nova Scotia’s new provincial government is signalling looming surcharges for residential property purchasers and owners who pay their income tax in other jurisdictions.
Light industrial set for a heavy property tax hit

Canadian Property Management

Light industrial set for heavy property tax hit

Economic fallout from COVID-19 is shifting more of the tax burden to this flourishing group of assets via the mill rate, while also driving up the tax rate, for a double-whammy of consequences in jurisdictions that update valuations annually.
Manitoba education property tax rebate comes with a two-year freeze on allowable rent increases

Canadian Apartment Magazine

Manitoba tax rebate comes with rent freeze

About $248 million from the education levy will be returned to property taxpayers this year through 25 per cent rebates to residential/farm ratepayers and 10 per cent rebates to commercial/industrial ratepayers.
Nova Scotia offers property tax rebate to select small commercial ratepayers

Canadian Property Management

Nova Scotia offers targeted property tax rebate

A newly announced $7-million provincial fund is expected to partially compensate up to 3,300 small restaurateurs, barkeepers and personal service business operators for paid 2020-21 property taxes.
Alberta's education mill rate nudges up 0.1 basis point, as the province aims to collect $4.8 billion in property tax revenue

Canadian Property Management

Alberta’s education mill rate nudges up 0.1 bps

Alberta’s education mill rate has nudged up 0.1 basis point, adding $0.01 per $1,000 of assessed value to the provincial portion of property tax bills.
foreign buyers


Vacant dwellings yield revenue gains for B.C.

Resident British Columbians own about 30 per cent of the properties subject to the speculation and vacancy tax, but account for just 6.6 per cent of collected revenue.
CERS applications to be accepted as of November 23

Canadian Property Management

CERS applications to be accepted as of Nov. 23

Legislation to enable the Canada Emergency Rent Subsidy (CERS) received parliamentary approval late last week and an online application portal was expected to be operational for Nov. 23.
condo security 

Canadian Property Management

Historic property tax disparity dismantled

As announced in the provincial budget, the Ontario government plans to equalize the business education tax (BET) rate at 0.88 per cent for 2021, equating to a $450-million tax cut province-wide.
property tax ratios lopsided against commercial ratepayers

Canadian Property Management

Property tax ratios epitomize commercial burden

The commercial property tax rate is at least double the residential rate in eight of the 11 surveyed cities, with commercial ratepayers in Montreal, Toronto and Quebec City shouldering the most disproportionate shares.
Ontario promises property tax and utility cost relief in step with public health controls

Canadian Property Management

Ontario to defray costs of public health controls

Further details are promised soon on a $300-million fund to help defray property tax and utility costs for businesses forced to curtail or shut down operations due to COVID-19 concerns.
Manitoba adds another year to the current property assessment cycle, taking it to 2023

Canadian Property Management

Manitoba stretches property assessment cycle

An extra year of tax apportionment based on pre-pandemic values could be a harsh postponement for some property owners. The scheduling adjustment is expected to hurt the most in the retail and hospitality sectors.
live music venues

REMI Network

Property tax relief for Toronto’s live music venues

Property tax relief is available for Toronto’s live music venues though the newly expanded Creative Co-Location Facilities Property Tax Subclasses.
Postponed reassessment delays Ontario's next property tax cycle

Canadian Property Management

Ontario to delay next property tax cycle

The move was announced in response to the COVID-19 outbreak, but additionally opens a window to adjust the mechanics of the assessment process itself.
Ontario municipalities revise schedules for property tax payments

Canadian Property Management

Schedules for property tax payments in flux

Late penalties for Toronto property tax, water and solid waste utility bills have been suspended until mid-May, while ratepayers get an additional 60 days to make tax payments. Mississauga has added 90 days to its tax payment deadlines.
education property tax deferrals introduced in Ontario and Alberta

Canadian Property Management

ON/AB: education property tax relief introduced

Alberta and Ontario are offering ratepayers temporary relief from the education portion of property tax bills.
New Brunswick promises property tax relief for commercial and residential landlords

Canadian Property Management

New Brunswick property tax relief set for 2021

Commercial ratepayers will see a phased 15 per cent cut in the property tax rate, in step with previously promised tax reductions for residential landlords.
Montreal property owners

Canadian Property Management

Complacency could cost Montreal property owners

Proposed changes to Quebec's Act Respecting Municipal Taxation will tighten the timeline for disputing the property values ascribed to smaller apartment and commercial buildings assessed at less than $3 million.