For Information Only
Relationship to the Strategic Plan / Health Impact Assessment
This report refers to operational matters.
Report SummaryEach year municipalities in Ontario are obligated to send notices to owners and tenants of properties in the multi-residential tax class. The notices pertain to such properties that have experienced a year over year property tax reduction of 2.49% or more. The notices refer to the tax reduction as well as an eligible rent reduction for the next calendar year. This authority is found in the Residential Tenancies Act, 2006 and the Tenant Protection Act, 1998.
There are no financial implications associated with this report.