However, Vancouver and BC’s taxes are, of course, different – theoretically, someone could be exempt for both or have to pay both when the taxman comes knocking. Hello, good afternoon. Starting in January, those with a vacant home in Toronto could be hit with a new tax designed to help cool the city’s red-hot housing market. The reason I created this group was so that there could be a free speech group where criticism of the Empty Home Tax is not moderated and does not result on being banned from the community as what’s currently happening in the other Vancouver community groups for some reason. .

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Worth pointing out that it’s not an Empty Homes Tax anymore.

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. Meaning the goals of the empty home tax are better accomplished with a land value tax but people support empty home.

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If we really want to be fancy we can add tiers, with empty home at the highest rate (5% the property value annually), and reduce the additional tax by 1/5th per distinct legal rental unit (seperate kitchen, bathroom and bedroom).

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have the equivalent of Vancouver's empty-home tax? A. . . So 36% is 786 homes decreased over 5 years or an increase of 64% from 2021 to 2022. . Hello, good afternoon. ago.

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jim1188 • 22 days ago.

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That seems like a no-brainer: Tax properties that sit vacant more than six months a year at a higher rate, so that owners will be.

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The reason I created this group was so that there could be a free speech group where criticism of the Empty Home Tax is not moderated and does not result on being banned from the community as what’s currently happening in the other Vancouver community groups for some reason.

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