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"All Toronto residential property owners must submit a declaration of their property’s 2022 occupancy status by February 2, 2023.

A declaration is not required if the property does not contain a residential unit (for example, vacant land, parking space or condominium locker). A residential unit is comprised of one or more self-contained units that include a dedicated washroom and kitchen.

An annual tax will be levied on vacant Toronto residences, payable beginning in 2023.

A property is considered vacant if it was not used as the principal residence by the owner(s) or any permitted occupant(s), or was unoccupied for a total of six months or more during the previous calendar year. Properties may also be deemed (or considered to be) vacant if an owner fails to make a declaration of occupancy status as outlined in 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.

Though all homeowners are required to submit a declaration of occupancy status, the tax does not apply to:

- properties that are the principal residence of the owner
 - properties that are the principal residence of a permitted occupant or tenant
 - properties that qualify for an exemption"
 
 Source: https://www.toronto.ca/services-payments/property-taxes-utilities/vacant-home-tax/?fbclid=IwAR1GYVUZerFPh5tzExXUNGtbiImfLi1-3zG6USu8trz03My9SRHgGKq8-uo