As of January 1st, unless homeowners qualify for one of the exemptions, Toronto residential properties that are vacant for a total of more than six months in a calendar year may be liable to the new Vacant Home Tax (VHT) imposed by the city. The VHT was established to increase the city's housing supply. If you are a homeowner, you may have already received your VHT Declaration form in the mail. It's a yellow sheet, and takes a few minutes to complete.  What You Need To... [read more]