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an annual tax is levied on vacant residents. Under the city bylaw, a property is vacant if it’s unoccupied for more than six months during the prior year or otherwise declared under the citybylaw. The mandate of the tax is to increase the supply of housing. Thedeclaration/payment formha...
City of Toronto: Municipal Land Transfer Tax As a taxation measure granted under the City of Toronto Act,2006, Toronto City Council approved a new Municipal Land Transfer Tax effective February 1, ...-Read more http://www.toronto.ca
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