Altus Group Acquires ArGil Property Tax Services

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Altus Group, a global provider of commercial real estate services, software and data solutions, announced that it has acquired ArGil Property Tax Services, a Canadian property tax and paralegal firm based in Toronto. Since 2010, ArGil has been providing property tax recovery and consulting services to multi-residential, commercial and industrial property owners, offering practical and innovative solutions. Their team, comprised of experienced real estate valuators and property tax paralegals, act in the capacity of consultant, advocate
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2020 was a tough year for Airbnb hosts; it could get worse

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“For Airbnb hosts in Toronto, it’s been a tough year. The pandemic reduced tourism to a trickle, and the City of Toronto has all but outlawed short term rentals, with an exception for situations where the property is the principal residence of the host. These hosts will need to register with the City and pay a 4% tax.” Tax classes are determined by the Assessment Act, by way of the following regulation: https://www.ontario.ca/laws/regulation/980282#BK22 Read the
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MPAC mails more than 875,000 notices, nearly half of which reflect changes in ownership across the province

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Today the Municipal Property Assessment Corporation (MPAC) will begin mailing over 875,000 Property Assessment Notices to property owners across Ontario. If you recently moved, changed your school support or made changes to your property, your notice is on its way. In fact, we processed more than 421,000 changes in ownership and 212,000 changes in value on properties. “Our work never stops to collect and validate property data to support accurate property assessments, market insights and analysis,”
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Intelligencer – Ontario to provide property tax relief for struggling small businesses

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Ontario Premier Doug Ford made an important announcement on the matter of tax relief for businesses being affected by COVID restrictions… “As Ontario recorded a record 1,388 new COVID-19 cases Tuesday, Premier Doug Ford said the province is looking to empower municipalities to provide targeted tax relief to small businesses, relief that will be matched with provincial funds. Tax relief could amount to as much as $385 million, Ford said in his daily briefing from
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