City of Ottawa sees 99 per cent compliance in vacant unit tax declarations
The city of Ottawa says nearly everyone who had to declare the occupancy of their properties or risk being taxed has done so.
In a memo Monday, deputy city treasurer of revenue services Joseph Muhuni said the city had received 320,074 completed declarations, accounting for 99 per cent of all properties required to submit.
Residents had until April 30 to declare whether someone was living in their properties or risk being charged an additional one per cent of the home's assessed value on their final property tax bill in June. Late fees for declaring after March 16 were waived this year. About four per cent of property owners had not declared by March 16, the city said.
The city says anyone who wishes to have their VUT status reviewed can undergo a two-step process by submitting a notice of complaint and then filing a request for review. The notice of complaint form will be made available on the city's website as of May 22, once tax bills are issued.
Muhuni said additional data on the first year of the VUT will be provided to Council in a memo before the end of June. It would include how many units in the city are considered vacant and the costs incurred by the city so far.
Revenue raised from taxing vacant units will be put toward affordable housing initiatives. City staff have estimated the tax could raise $25 million over five years.
CTVNews.ca Top Stories
FORECAST Weather warnings issued in 6 provinces and territories
Wintry weather conditions, including heavy snow and wind chill values around -55, prompted warnings in six provinces and territories early Thursday morning.
LIVE UPDATES The Latest: FBI investigating New Year's Day attack in New Orleans that killed at least 15 people
The FBI is investigating an early Wednesday attack in which a U.S. Army veteran drove a pickup truck into a crowd of New Year's revelers in New Orleans, killing 15 people. Here's the latest.
Who are Canada's top-earning CEOs and how much do they make?
Canada's 100 highest-paid CEOs earned $13.2 million on average in 2023 from salaries, bonuses and other compensation, according to the Canadian Centre for Policy Alternatives.
10 people are wounded in a shooting outside a New York City nightclub
Ten people were wounded in a shooting outside a New York City nightclub while they were waiting to get into a private event, police said.
Here's how immigration rules are changing in 2025
Canada's federal government is changing course on immigration with a wave of tighter caps on newcomers and new rules for permanent and non-permanent residents.
'Dinosaur highway' tracks dating back 166 million years are discovered in England
A worker digging up clay in a southern England limestone quarry noticed unusual bumps that led to the discovery of a 'dinosaur highway' and nearly 200 tracks that date back 166 million years, researchers said Thursday.
Jocelyn Wildenstein, 'Catwoman' socialite known for her extreme cosmetic surgery, dies
Jocelyn Wildenstein, the Swiss-born socialite famous for the surgery-enhanced feline features that earned her nicknames in the American press like 'Catwoman,' has died.
opinion 7 tips to give yourself a financial restart this new year
The start of a new year is the perfect time to take control of your finances and set yourself up for success, says personal finance contributor Christopher Liew in a column for CTVNews.ca.
Meet the Danish-Swedish farmdog, the newest breed in the American Kennel Club's lineup
Say hello to the latest dog in the American Kennel Club's lineup of recognized breeds. Or you might say 'hej.'