2025 Vacant Home Tax Deadline in Toronto: Essential Guide for Homeowners
Hello Toronto homeowners! As the April 30, 2025, deadline for the Vacant Home Tax (VHT) declaration approaches, it's crucial to understand not only the importance of timely compliance but also the various options and resources available to you. Here’s a comprehensive guide to help you navigate this process smoothly and effectively.
Why the Vacant Home Tax?
The Vacant Home Tax was introduced as part of Toronto’s ongoing efforts to increase housing availability. By encouraging property owners to occupy or rent out their properties, this tax aims to utilize vacant homes and support significant housing initiatives.
Who Needs to File?
All property owners in Toronto, whether your property is occupied, rented, or vacant, must submit an annual declaration. This ensures that your property's status is up to date and helps the city manage its housing resources effectively.
How to Declare:
Online: Use the city's user-friendly portal at www.toronto.ca/VacantHomeTax to submit your declaration easily.
Phone: For those who prefer to declare over the phone or need language assistance, you can call 311 or by telephone 416-392-2489. Support is available in 180 languages.
In-Person: Visit a Tax and Utility counter at Toronto City Hall or any civic center.
Payment Options:
Paying the VHT is straightforward and can be done through several convenient methods:
Online and Telephone Banking: You can pay via your financial institution’s online or telephone service.
MyToronto Pay: This service allows you to pay by electronic funds transfer without a convenience fee. Credit and debit card payments are also accepted but come with a fee.
In-Person: Payments can be made at any city Tax and Utility counter using cash, cheque, or debit card.
Exemptions and Considerations:
A property is generally considered vacant if it has not been occupied for more than six months in a calendar year. However, exemptions apply for renovations, medical reasons, or if the property is the principal residence of the owner or a permitted tenant. It’s important to review these conditions closely to understand if your property qualifies for an exemption.
Penalties for Non-Compliance:
Failing to submit your declaration can lead to your property being deemed vacant and subject to the VHT. This year, the tax rate is 3% of the property’s Current Value Assessment. Remember, timely declaration prevents unnecessary penalties and fees.
Support for Homeowners:
The city has established a dedicated Customer Care Centre and offers pop-up sessions at civic centers to assist with the VHT declaration. Don’t hesitate to take advantage of these resources if you need help or have any questions.
Funds from the VHT:
Revenues from the VHT contribute to the HousingTO Action Plan, supporting initiatives like funding for Toronto Community Housing Corporation units and the Multi-Unit Residential Acquisition program, which preserves at-risk rental housing.
As a homeowner in Toronto, staying informed and proactive about the VHT declaration is vital. Ensure you meet the April 30 deadline to avoid any complications. If you have any questions or require further information, the city’s resources are at your disposal.
We hope you found this blog helpful as you prepare for the Vacant Home Tax deadline. If you're considering buying or selling properties in Toronto and need guidance or assistance, we're here to help. Our team is committed to providing you with expert advice and support to navigate the real estate market effectively. Don't hesitate to reach out and make your real estate transactions as seamless as possible.