As of July 1, 2018 the Vacancy Unit Rebate Program has been discontinued.

The final deadline to submit your application for vacancies that occurred from January 1 to June 30, 2018 is September 28, 2018.

The Vacant Commercial & Industrial Unit Tax Rebate Program is open to commercial and industrial properties that are either partially or completely vacant for 90 or more consecutive days. Effective 2018, The City of Toronto Act has been amended by Ontario Regulation 582/17 allowing them to make changes to the Vacant Unit Rebate Program.

Some of these changes include the following:

  • Amended application filing date deadline is September 28, 2018
  • After July 1, 2018 vacancy rebate program is eliminated
  • Changing of the percentages of the amounts of rebate for commercial properties to 15 percent for vacancies commencing July 1, 2017 to June 30, 2018

Under the City of Toronto Act, 2006, commercial and industrial property owners are entitled to tax rebates for vacant, renovated or demolished space. To obtain the benefit for the 2018 tax year, a taxpayer or representative of the taxpayer must make an application to the City of Toronto no later than September 28, 2018.

Eligibility Details

Properties within your commercial and industrial portfolio should be reviewed to identify any space that meets the following criteria:

  1. Vacant or unfit for occupancy for at least 90 consecutive days
  2. Vacancy commencing after October 3, 2017 and continued in 2018 totaling 90 days or greater
  3. Vacancy commencing after April 1, 2018 will not qualify
  4. Vacant area is clearly delineated and identifiable
  5. Not subject to lease agreement (commercial only)

No application is required for vacant or “excess” land.

Where a property has changed ownership during 2018, separate applications should be filed for each period of ownership on behalf of each respective owner.

How to Apply

The following information should be provided with your vacant unit information form:

  • Copies of prior leases / termination documents
  • New lease documents if applicable, for each vacant space as well as confirmation of when the tenant received the keys to commence their fixturing
  • System generated rent rolls for each and every month of the year identifying all vacancies and the duration of those vacancies
  • Property diagram identifying vacant space, unit numbers and square footages
  • If the property has changed ownership during 2018, a copy of the transfer deed and/or Statement of Adjustments

Outcome

  • If the property assessment is changes for any reason, the related rebate amount for that taxation year will be recalculated
  • If the rebate has been issued, the City will notify the applicant of the recalculated amount. Excess amounts will be recovered and any refund that was under paid will be credited
  • If the rebate is too low, you may file a complaint with the Assessment Review Board (ARB)

Contact our Property Tax Experts before the deadline passes!