The rollout of the City of Toronto’s vacant home tax has been nothing short of disastrous. There’s no point trying to fix it, as it’s a flawed tax that was always going to be a mess. It needs to be axed.
The vacant home tax, now in its second year, requires an annual declaration from homeowners that they are either living in their property or renting it out for at least six months of the year. This declaration needs to be made yearly for each property a person owns.
