Ontario property assessment and tax updates: 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.
VACANT UNIT REBATES
Where the municipality has a Vacant Unit Rebate Program:
- Using section 1 & 2 of schedule “B” (excel version here) please identify units that were either vacant or subject to renovation during 2020.
- Return to Altus Group by February 9, 2021.
- Altus Group will review and submit either a vacancy application or a renovation application depending on the municipal
Where the municipality has eliminated the Vacant Unit Rebate Program: