The Canadian government is exploring options for a surtax on vacant residential land through a newly launched public consultation, which is open for submissions until December 31, 2024.

Ontario’s overdue property reassessment is on hold until at least 2024, leaving many commercial ratepayers with a further wait to realize tax reductions from pandemic-related value erosion.

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