Ontario Property Tax Rebates: Are You Eligible?
Évolution fiscale
Commercial and industrial property owners in Ontario may qualify for a rebate of their 2024 taxes if their properties meet any of the following criteria:
The building was damaged by fire, demolition, or other events.
Repairs or renovations prevented normal use of the property for at least three consecutive months in 2024.
A change in use or zoning resulted in a reclassification to a lower tax rate.
The land ceased to be used for business purposes and became “vacant” or “excess” land.
The property became eligible for a tax exemption.
Apply for a Tax Rebate
Ryan’s property tax team uses a three-step process to request a tax rebate on your behalf:
Review – Our team identifies properties in the commercial or industrial tax class that may meet the above eligibility criteria.
Apply – Each municipality has its own application process, and applications must be submitted by 4:00 p.m. on February 28, 2025.
Prepare – Municipalities often require supporting documentation, such as building permits, contractor letters, time-stamped photographs, rent rolls, or floor plans. In some cases, an affidavit may be required. Ryan will address these requests promptly to prevent delays and avoid jeopardizing your application.
The material presented in this communication is intended to provide general information only and should solely be seen as broad guidance and not directed to the particular facts or circumstances of any individual who may read this publication. No liability is accepted for acts or omissions taken in reliance upon the content of this piece. Before taking (or not taking) any action, readers should seek professional advice specific to their situation from Ryan, LLC or other tax professionals.
