Argil Property Tax team Paul Grosman and Bob Langlois are prominently presented in this Cushman & Wakefield Canadian Hospitality Publication. Read the publication PDF by clicking here.
Appealing the taxes on your Hotel or Motel ? Top Ten questions to help you understand. Here are the answers to the TOP TEN questions that we get asked when speaking to owners about appeal their taxes.
We are writing to advise you that MPAC has recently issued thousands of supplementary and omitted assessments for industrial, commercial and investment properties throughout the province. These updated assessments capture changes to your property (real or perceived) and reflect MPAC’s opinion of physical (i.e., additions) or legal (i.e., zoning) changes that have occurred. These updates usually result in you paying more tax and often these updated assessments extend beyond 2020 and can go back to
The assessed value of all properties in the province of Ontario is estimated to be more than $3 trillion. These changes are summarized in the annual Municipal Property Assessment Corporation (MPAC) assessment rolls, which were delivered to municipalities on Tuesday, December 15th, 2020. Key Facts MPAC delivers an assessment roll annually to municipalities and the Province of Ontario to support the calculation of property and education taxes.In March, the Ontario government postponed MPAC’s province-wide Assessment Update
“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