The Brussels Post, 1968-07-25, Page 2HON. W. DARCY McKEOUGH
Minister of Municipal Affairs
B4118.S14:11,S, POST, 13 It lj S SI311., ONTAittO 1+It8DAY, *RICAN 35th, 1968
DU T ON
for all
Home-owners and Tenants
in Ontario •
Your Guide to Ontario's New System of Tax Reductions
To ease the burden of municipal and school taxes, the
Ontario Legislature has established a system of residen-
tial property tax reductions. Virtually all home-owners
and tenants are entitled to benefit.
By this system, Ontario, in effect, is paying the first part
of the municipal taxes on each eligible house or apart-
ment. The reduction amounts to an average of 121/2%
of the taxes.
If you are a home-owner...
If you pay your municipal taxes directly,
you receive your tax reduction directly
from your local municipality—either as a
deduction on your 1968 municipal tax
bill or by cheque.
If you have agreed to make regular pay-
If you are a landlord...
As an owner of residential property, you
receive the tax reduction in the manner
described above for home-owners.
Your local municipality calculates the amount of the
reduction and subtracts it on the 1968 tax bills. If a
house or apartment is rented, the landlord is required to
pass the full amount of the reduction to his tenants. The
Province pays municipalities the total of the reductions.
Every owner of a residential property and every tenant
of such a property is entitled to receive a tax reduction
provided the property was eligible in 1967 to be sepa-
rately assessed under The. Assessment Act.
ments to the holder of your mortgage,
with instruction to him to pay your
municipal taxes on your behalf, you will
receive the benefit of the tax reduction
by way of an adjustment to these regular
payments.
As a landlord, you are required to pay the
full amount of the tax reduction to each
of your tenants.
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If you are a tenant...
Your landlord is required to pay to you the full amount
of the tax reduction for your house or apartment, which
he has received from the local municipality.
If you rent your house or apartment for
all of the year 1968, you should receive
the full amount of the reduction. On the
other hand, if you rent your dwelling for
only a portion of the year, you are en-
titled to a portion of the reduction; if you
rent the dwelling for six months, for
instance, you should receive one-half of the reduction.
Here is how you get your tax reduction:
• If your tenancy ended before June 30, you must apply
to your landlord or to his agent to be entitled to a portion
of the reduction.
• If your tenancy ends after June 30, or if it continues
through to December 31, your landlord or
his agent is required to pay the reduction to
you.
In either case, your landlord or his agent is
required by law to pay to you the amount
of the tax reduction by December 31, 1968.
Any landlord who fails to pay tax reduction
allowance in • accordance with the law is liable to a fine of
not more than $200 for each conviction and, in addition,
will be ordered to pay the tax reduction allowance.
if you have any questions about residential
property tax reductions, please address
them to the Municipal Subsidies Branch,
Department of Municipal Affairs, 801 Bay
Street, Toronto 5; Telephone; Area code
4t 365-6881.