All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023. The declaration portal is now open.
An annual tax will be levied on vacant Toronto residences, payable beginning in 2023.
A property is considered vacant if it has been unoccupied for a total of six months during the previous calendar year or is otherwise deemed to be vacant under the bylaw 
.
The goal of the City of Toronto’s Vacant Home Tax (VHT) is to increase the supply of housing by discouraging owners from leaving their residential properties unoccupied. Homeowners who choose to keep their properties vacant will be subject to this tax.
Revenues collected from the Vacant Home Tax will be allocated towards affordable housing initiatives.
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