Property Tax

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.
Ontario budget dismantles historic property tax disparity

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.
industrial property assessment

Canadian Property Management

NB confers on industrial property assessment

A standing committee of New Brunswick's legislative assembly is exploring whether equipment and machinery used in manufacturing and industrial processes should be factored into the assessed value of the property.
property tax breaks

Construction Business

Alberta enables long-term property tax breaks

Newly adopted amendments to Alberta's Municipal Government Act extend provisions that were initially devised to support the rejuvenation of derelict brownfields to all non-residential properties.
property tax shifts

Canadian Property Management

Property tax shifts continue to plague Calgary

Nearly 12,000 non-residential ratepayers will get some relief from the property tax shifts Calgary's sliding downtown office values triggered this year
MPAC board

Canadian Property Management

Municipalities could lose clout on MPAC board

A new government means a new round of scrutiny for Ontario's property assessment agency.
Ontario municipalities revise schedules for property tax payments

Canadian Apartment Magazine

Multi-res property tax rate hits tenants hard

Author, broker and landlord instructor Chris Seepe breaks down the hidden expenses in rent that may surprise some residential tenants.
Industrial properties

Canadian Facility Management & Design

Ontario cues agenda for industrial properties

The action is included in a list of initiatives associated with Bill 66, the proposed Restoring Ontario's Competitiveness Act, even though none of the bill's dozens of legislative amendments pertain to the Assessment Act.