Toronto's Vacancy Tax

Published: Dec. 14, 2022, 6:05 p.m.

TORONTO\u2019S VACANCY TAX\n\nToronto's new Vacancy Home Tax is cracking down on residences left unoccupied for extended periods of time, to increase the supply of housing in the city.\n\nAll residential property owners in Toronto will be required to declare the status of their property(s) annually, even if they live there.\n\nResidential properties that are declared vacant for six months or more during the taxation year and without an eligible exemption, will be required to pay a tax.\n\nLibby Znaimer is joined by Allan Ritchie, Managing Partner at Loopstra Nixon LLP and Adjunct Professor of Law at Toronto Metropolitan University; Phil Soper, CEO of Royal LePage; John Caliendo, former investment banker and Co-Chair of the ABC Residents Association; and Casey Brendon, Director, Revenue Services at the City of Toronto.\n\nFOOD AND RESTAURANT TRENDS\n\nIt\u2019s the season for festive gatherings, both entertaining at home and dining out!\n\nLibby Znaimer is joined by Lucy Waverman, food columnist for The Globe And Mail; and Renee Suen, food editor at blogTO to discuss food and restaurant trends amid the holidays.\nListen live, weekdays from noon to 1, on Zoomer Radio!