How to file a CRA notice of objection in Canada
To file a CRA notice of objection, you have until the later of two dates: 90 days from the date on your notice of assessment or reassessment,…
Understanding the Cost of Living in Toronto
These articles explain what drives the cost of living in Toronto. Topics include property tax, land transfer tax, foreign buyer rules, HST, CRA filing and crypto reporting.
Each article names its official sources. Each one links to a calculator that does the arithmetic. Pick a topic below or open a calculator for a number.
Is There a TV Tax or Licence in Toronto?
There is no TV licence in Toronto, in Ontario or anywhere else in Canada. You can own one television or five, and no government agency asks…
Education Property Tax on a Toronto Bill in 2026
The education property tax on a 2026 Toronto residential bill is 0.153% of your assessed value. On the City’s example home, assessed at…
How Toronto Residential Property Tax Is Worked Out in 2026
A 2026 Toronto residential property tax bill is your MPAC assessed value multiplied by a combined rate of 0.767311%. On the City’s…
Toronto’s 10% Municipal Foreign Buyer Tax Explained
Toronto charges a Municipal Non-Resident Speculation Tax (MNRST) of 10% of the purchase price on certain residential properties bought by…
How the Ontario NRST Works for Foreign Buyers
Ontario charges a 25% Non-Resident Speculation Tax (NRST) on residential property bought by foreign nationals, foreign corporations and some…
How Cannabis Excise Tax Works in Ontario
Canada taxes cannabis in layers. The producer pays federal excise duty, a share of it goes to the province, and you pay 13% HST on the shelf…
Crypto Tax in Toronto: What the CRA Requires in 2026
In Canada, crypto is taxed under the same income tax rules as everything else, and you report it on your regular return. If you sold, traded…
Toronto Luxury Land Transfer Tax Rates for 2026
Since April 1, 2026, Toronto charges higher municipal land transfer tax on homes above $3,000,000. The rate on the slice from $3 million to $4…
Toronto Vacant Home Tax Calculator
A Toronto home assessed at $950,000 that sits vacant for the year owes a Vacant Home Tax of $28,500. That is 3% of the assessed value, or…