Property Tax
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.
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.
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.
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.
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.
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
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.
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.
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.
Canadian Property Management
Few favours for commercial ratepayers in 2018
Tax ratios for 11 of Canada's largest cities demonstrate that commercial ratepayers consistently carry a disproportionate share of the municipal property tax burden.
Canadian Property Management
REALPAC calls for smoothing of tax inequities
An illogical quirk in the apportionment of business education tax continues to undermine competitiveness for some of Ontario's major cities, advocates for the commercial real estate sector maintain.
Canadian Property Management
Developers decry pullback on property tax grant
Rules for the program are set to change, making the timing less than ideal for development proponents still awaiting a decision based on the original criteria in place when they submitted their applications.
Canadian Property Management
Ontario revises property assessment schedule
The launch of a new four-year cycle in 2017 spurred a wave of assessment appeals as property owners reacted to often dramatic increases in value over the previous assessment.
CondoBusiness
Vacant dwelling tax deemed costly to collect
Much of the data that might indicate if a unit is vacant comes from fragmented sources, is not currently collected or inaccessible due to privacy issues, and is frequently inconclusive.
CondoBusiness
B.C. residential development land takes tax hit
The British Columbia government expects to collect about $520 million in new annual revenue through additional residential property taxes and property transfer taxes.
Canadian Property Management
Cities exhibit divergent property tax regimes
This annual look at the apportionment of the tax burden gives a more complete picture of the pressures on the commercial and multi-residential sectors than simply referencing property tax rates.
Canadian Property Management
Cities poised to terminate vacant unit rebate
Past, present and would-be recipients bristle at suggestions that the rebate is a subsidy or a disincentive to improve the marketability of their properties.
