LINKS

Back to Index

TORONTO'S LAND TRANSFER TAX

Toronto/Ontario Land Transfer Tax Calculator
City of Toronto Website: New Taxation Measures
Toronto Real Estate Board's "Summary of New Tax", Dated October 23, 2007 (.pdf format)
"Province Expands Provincial Land Transfer Tax Rebate", Dated December 13, 2007 (.pdf format)
"New Info Re: Toronto Land Transfer Tax Rebates Provided By City", Dated December 14, 2007 (.pdf format)
"Toronto Land Transfer Tax Takes Effect, REALTORS® Call On City to Give Homebuyers a Break", Dated February 4, 2008 (.pdf format)

FINANCING

BUILDING, RENOVATING & MAINTAINING

Renovation Planning (CMHC)
Home Improvement Costs for 2007 (.pdf format)
Ball park estimates for repairs and/or improvements to a typical three bedroom home in Southern Ontario (provided by Carson & Dunlop & Assoc.)
"Carson & Dunlop Reports"
Articles provided by Carson & Dunlop Home Inspections about home ownership covering topics from the basement to the rafters, including furnace maintenance, wiring issues, pests and more!
FAQ: Underground Oil Tanks
Provided by the The Technical Standards and Safety Authority (TSSA)
For inquiries, please visit their website at www.tssa.org or call toll-free line 1-877-682-TSSA (8772)
Urban Planning (City of Toronto)
"Residential Character Preservation Guidelines For House Renovations, Additions & In-Fill Development In The Community Of Leaside" (.pdf format)
Developed by: City of Toronto Urban Development Services, City Planning Division
In Consultation with: The Leaside Character Preservation Advisory Committee
Just Bathrooms and Kitchens

HOME INSPECTIONS

GTA SCHOOLS

RECREATION

Toronto Parks and Recreation
Toronto Public Libraries
Leaside Curling Club
Leaside Hockey Association
Leaside Girls Hockey League
The Leaside-East Toronto Soccer Club
Leaside Lawn Bowling Club
Leaside Badminton Club
Ontario Tennis Association -- Toronto, Central-East Tennis Clubs
Leaside Garden Society
Sunnybrook Stables
Canadian School of Rock (1 week programs for musicians ages 8 - 17 years) **Beautiful Leaside Location**
88 Keys Kids' Music School
Leaside Atom Baseball (ages 9 to 11)
Leaside Peewee and Bantam Baseball (Peewee for ages 12-13, Bantam for ages 14-16)

YOUR GOVERNMENT

PROPERTY TAX ASSESSMENT RESOURCES

June 30, 2006 -- The provincial government has announced property tax reassessments by the Municipal Property Assessment Corporation (MPAC) will be cancelled for 2006 and 2007. This means that the current assessed values will be used for the purposes of calculating property taxes in 2007 and 2008.

The provincial action is in response to concerns raised by the Ontario Ombudsman, who made a number of recommendations to improve MPAC’s assessment methodology and appeal processes earlier this year. The Ombudsman launched an investigation of MPAC last fall after receiving numerous public complaints. The Ontario Real Estate Association participated in consultations held by the Ombudsman and expressed various concerns with MPAC and the assessment system. TREB also communicated with decision makers, indicating that problems exist with the assessment appeals process and that the MPAC system needs to be revamped to ensure more accurate assessments.

According to the provincial government, the cancellation of the 2006 and 2007 reassessments is intended to give MPAC the time it needs to consult on and implement changes to the system.
March 2008 -- Property assessment freeze lifted. (As published in OREA's, Realtor Edge) The end of a three-year assessment freeze could mean homeowners in some parts of the province may face double-digit hikes in property taxes. The provincial assessment freeze ended on January 1st. However, the Ontario government says it plans to spread out any assessment increases over the next four years..

The freeze was initiated following several complaints from property owners to the Ontario Ombudsman’s Office that the Municipal Property Assessment Corporation (MPAC) was conducting inaccurate and unfair assessments. Following an investigation, the Ombudsman’s Office made 20 recommendations for improvements to MPAC’s assessment system including changes to the way the Crown Corporation communicated with property owners..

As of the last report, the Ombudsman stated that MPAC had completed 10 of the 20 recommendations and was moving forward on the remainder. Among the completed recommendations is a revised brochure that is sent out with reassessment notices. This brochure now mentions how important it is that MPAC’s information be accurate and urges people to report any inaccuracies. It tells them clearly how they can review their assessment and look at up to 24 property comparables, through a section of its Web site called “About My Property.” It also stresses: “If an error has been made, we will correct it. We are also happy to explain how we arrived at your assessed value and answer any questions.” Finally, it explains all the various ways you can complain about or challenge your assessment. In addition, the MPAC Web site now offers a lot more information about how properties are evaluated, and has posted many of its procedures online..

A new Property Taxpayer Web Portal is also being developed, through which owners will be able to access their Property Profile Report and comparables. The assessment notice form itself is also being redesigned for 2008. MPAC has done internal consultations, focus groups and property taxpayer customer interviews about this new form – but it is still reviewing it, because of the potential impact of the province’s new four-year reassessment schedule..

In the meantime, the revised assessment process is under way and property owners will be receiving their assessments in August and September. Current property taxes are based on market value assessments conducted by MPAC for January 1, 2005, and are determined by comparisons with the average city property value. If the estimated value of a property increases at a rate below the city average, the homeowner's property tax will decrease. If property value increases at a rate above the city average, the tax will increase. The reassessed values, with a valuation date of January 1, 2008, will apply to the tax years 2009 through 2012.
Municipal Property Assessment Corporation (MPAC):
---> Understanding Your Assessed Value
---> What to do if you disagree with Your Property’s Assessed Value
---> Instructions for Filing a Request for Reconsideration (RfR)
---> MPAC Forms Available for Download
--> "About My Property" a secure, online service that provides property owners with convenient access to basic property valuation information.