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By Altus Group | January 18, 2021

Stay up-to-date with deadlines, developments, property assessment and taxation management for your assets in Ontario.

Ontario Vacant Unit/Renovation Rebate Applications

Deadline: February 28, 2021

Ontario’s Vacant Unit Rebate program allowed commercial and industrial property owners to apply for a partial rebate of
taxes paid for vacant space. Although many municipalities have eliminated this program, it is still available in some areas.
In addition, tax rebates are still available in many cases for properties undergoing renovation, which includes space being
prepared for a future tenant.

Do I qualify?

Altus Group has prepared the attached schedule “A” showing which municipalities are still participating in the Vacant Unit
Rebate Program, and has outlined the next steps (below) for properties eligible for Vacant Unit Rebates, and those where only
the Renovation Credit is available.

Next steps

VACANT UNIT REBATES
Where the municipality has a Vacant Unit Rebate Program:

  1. Using section 1 & 2 of schedule “B” (excel version here) please identify units that were either vacant or subject to renovation during 2020.
  2. Return to Altus Group by February 9, 2021.
  3. Altus Group will review and submit either a vacancy application or a renovation application depending on the municipal
    requirements.

RENOVATION REBATES
Where the municipality has eliminated the Vacant Unit Rebate Program:

  1. Using section 1 in schedule “B”  (excel version here) please identify any units subject to renovation for a period of at least three consecutive
    months.
  2. Return to Altus Group by February 9, 2021 to ensure that your application is processed in a timely manner.

How can Altus Group help?

If you wish Altus Group to apply on your behalf, please forward your schedule to our office by February 9, 2021 so that we can review and submit an application to the municipality prior to the February 28, 2021 deadline.

You can reach out to your Altus Group representative or one of our contacts below.

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