Property Tax
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.
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.
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.
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.
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.
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.
