Are you a property owner in Toronto? It’s time to ensure compliance with the city’s annual declaration of occupancy status for residential properties. This mandatory declaration helps maintain accurate records and ensures fair property taxation.
Why is this important? By law, all owners of properties classified within the residential property tax class in Toronto must declare the occupancy status of their properties each year. Whether your property is owner-occupied, rented out, vacant, or undergoing renovations, it’s crucial to provide this information to city authorities.
Consequences of Non-Compliance: Failure to declare or providing false information can result in penalties and fines. Therefore, it’s imperative to act promptly and accurately to avoid any potential repercussions.
How to Declare: To make the process as smooth as possible, the City of Toronto offers two convenient methods for submitting your declaration:
- Online Portal: Quick and easy, accessible from the comfort of your home.
- By Mail: For those who prefer traditional methods.
Why Your Declaration Matters: Accurate declaration of occupancy status is not only a legal obligation but also contributes to the fair assessment of property taxes and the efficient allocation of resources within the city. Your compliance helps keep our city running smoothly and ensures that everyone pays their fair share.
Key Date to Remember: Mark your calendars! The deadline to declare the occupancy status of your residential property is April 30, 2025. Don’t miss this important date to fulfill your civic responsibilities. For more information visit the City of Toronto’s website here.
Let’s work together to uphold our civic duties and keep Toronto thriving. Make your declaration today and contribute to the fair and efficient management of our city’s resources.
