Buying, Selling or Moving

Canada is a beautiful country that is well-positioned and doing great on global surveys of progress, safety, and quality of life. The country reflects economic and political safety along with a good job market, which is among the major reasons why people wish to settle there for a lifetime. Buying, moving, or selling your property in Canada has become a concern for both natives and expats. Let's delve into all the real estate details, from the tax on buying a house to the tax on utility bill accounts, and so on.

Alter Your Address of Mailing

You can utilize the safe self-service Property Tax Lookup feature to upgrade your mail address to reissue your utility bill and property tax. It is quick, convenient, and easy! Enter your property tax statement or tax bill details and log-in to the Lookup of Property Tax, submitting the documents detailed below.

• Postal code
• Customer number
• Roll number of Assessment
• Last name of the property owner

Type your email id in order to raise a request for the alteration of the mail address.

• After entering your email address, you’ll receive a code of confirmation, which you can enter to start with altering your mailing address.
• After you submit your request, you’ll get a validation email claiming that your mailing id has been changed in your process.

Take a note: You can’t use this facility to change the property ownership or to notify about ownership alteration to the city. Do you own a newly built property and get an extra or neglected tax bill? Send a fax, mail, or personally deliver your request of mail address alteration. At this time, new properties cannot be addressed for online mailing address changes.

Request Submission through Fax or via Mail

By adding the information below, you can also amend you mail id:

• The property address
• The roll number of assessment or account number of utility
• The new mail id includes the postal code.
• The effective date of the address alteration
• Sign of the lawyer, owner, or agent.

Put Forward Your Request Via Fax or Mail Toronto City Services of Revenue, Account Administration PO: Box 4300, STN A Toronto - ON M5W 3B5 Fax Number: 416-696-3640 In case you are an owner of the property then you can even add an agent or tenant to get a utility bill. In case you subscribe to electronic billing then modification in your utility or tax account may impact how you get your bill of electricity.

Purchasing a Property - Update Utility Accounts and Tax

Certification of Utility and Tax

Approach your lawyer to obtain a utility and tax certificate which will provide you,

• Utility bill due dates and property tax due dates.
• Present status of the utility account and property taxes.

In case you are a current landlord and do not know about the upcoming tax installments, penalties, and due dates of utility bills, interest is still due when the payment is received after the due date.

Address the Information of Ownership

Submit the ownership details for the property tax account by providing a letter from a lawyer that contains the below information.

• Full names of new and previous owners (if there is an alteration in the ownership statues because of a purchase or sale).
• Roll number of Assessment
• Property address
• Transaction date for change in name or sale closing.
• Postal code and mailing address of the new owner.
• Signature of the lawyer.
• Duplicate file of the deed

Post updating your ownership details, you’ll receive the account statement of the property tax via mail which concludes the fee amount of ownership change. Put forward your request via mail or fax Toronto City Services of Revenue, Account Administration Post Office: Box 4300, STN A Toronto - ON M5W 3B5 Fax Number: 416-696-3640

Purchasing a Property - Paying Charges

Updating customer details along with the account details over bills. At the time of payment, you are required to update the most recent bill or statement.

Online Bill Payments

In case you do an online or telephone payments and have lately moved, purchased, or sold, always confirm to amend your most recent assessment roll no. and account of utility via your financial organization and your client no. in case you fail to update these details:

• Your utility bill or property tax bill since your present property will stay overdue and obtain an interest along with due penalty.
• Your payment will be imposed on your previous residence.
• You can obtain a Redistribution Fee Payment for transfer request misapplied, misdirected payments, or loans advances from an over payment.

Know What to Pay?

If you have recently bought a residence and are estimating what property taxes are payable annually, refer to the adjustment statement in the residence purchase papers, or you can even discuss it with your lawyer.

Purchasing a Property - Bill of Utility

Most of the property owners' utility bills consist of wastewater, water consumption, and fees for solid waste, charged in a 4th month cycle and three times annually.

Meters of Water

Metres are installed inside the premises; most water metres carry a conveyor that sends the details of water use to a safe unit that collects the data for administration and billing.

Solid Waste

Solid waste fees are included in the bills of utility regardless of whether you live on the residence or it is vacant.The solid waste fees is based on the size of the waste bin at the residence whilst sale (large, medium, small, extra-large) and are allocated to the residence until the new landlord requests a different size in the bin.Once your bins are delivered to the property, appropriate fees will be imposed if a request is made to modify a bin's size.

Your First Bill of Utility

It is advised that you verify the numbers of your current bin(s) and match them to the data on your utility statement when you receive your first bill. In case there are any questions, please call 311.

Vacant Property

Making a service request will allow you to opt out of rubbish collection and request that the blue, black, and green bins be withdrawn from the residence if you have purchased a property that will be vacant.

First Tax Compensation for a Newly Built Residence

The landlords of the newly-built residences are only eligible to make payments with their account of tax once they receive the final bill of tax. This happens post the city gets the assessment information of the property via a MPAC (Municipal Property Assessment Corporation) and occupant information has emerged.

The Wrong Name Shows Up on the Bill

In case your name displays incorrectly on the bill as a result of a typo on your utility or property tax bill, simply contact the inquiry agency to get it corrected.

• Make a visit to the inquiry and payment counter at https://www.toronto.ca/services-payments/property-taxes-utilities/inquiry-payment-counters/
• Call the tax and line utility inquiry at 311.
• Submit the request via fax to 416-696-3605.

Send a letter via mail to General Correspondence at https://www.toronto.ca/services-payments/property-taxes-utilities/contact-us/?accordion=general-property-tax-&-utility-inquiries

Moving or Selling Your Residence - Ask for a Closing Metre Readings

In the event that you do not own the property, you are required to finalise your utility account.

Request a Final Reading of a Metre

You need to approach a representative of customer service, in order to ask for a final water metre read, for which you need to provide the following:

• Utility account no.
• Property address
• Moving day or closing day
• Telephone no.
• A furtherance address where you can get the closing utility bill.

Note: The last utility bill concludes with the final or special reading fee.

Final readings of a metre cancels PUP (Pre-authorized Utility Bill Payment) Program Enrollment

In case you are participating in the Pre-approved Utility Bill Payment (PUP) programme, your enrollment in the programme is cancelled once your final metre read has been completed. Regular utility bills will be sent to you, and you must pay them by the due date using another method of payment.

Tenants

A final metre read may be requested by tenants who are engaged in the specified programme of mailing (i.e., whose name appears on the account of utility and who receive and pay utility bills). When you ask for a final metre reading, you must include the date you plan to move out as well as the other details listed above.

Selling Your Residence - Still Getting Bills

Do you continue to receive bills?

If you do not own the property but are still receiving tax bills, submit the tax bills back to Toronto together with the relevant paperwork mentioned in the requirements for reporting ownership information. Please get in touch with a customer service representative if you have any questions.

What Am I Owed to Pay?

Refer to the Statement of Adjustments in the property acquisition documents or speak with your attorney if you recently sold a residence and are attempting to figure out how much you owe in property taxes. If you are selling a house on behalf of someone else, please refer to the power of attorney, estate executor, or letter of authorization.

Selling Your Residence - Finishing & Setting Up Payments

Refer to the Statement of Adjustments in the property acquisition documents or speak with your attorney if you have sold a property in recent time and are attempting to figure out how much property taxes you have to pay.

Make changes to your banking profile online

The property, not the resident or owner, is given the number from the assessment list and the account number for utilities. Use the account number of the utility along with the number of clients from your latest bill and the assessment roll number to pay your bills.

Make sure the account number has been updated or erased in case you have formerly paid your bill of utility or house tax using internet banking. Your account number will alter if you relocate to a new home. Any fees associated with late or misdirected payments are your responsibility.

PUP (Pre-approved Tax/Utility Bill Payment Program)

When selling your property, you must give the city written notice if you choose to call off your participation in the pre-approved bill of utility payment programme or the pre-authorized tax payment programme.

• These programmes' enrollment cannot be transferred to another site. For your recent house utility/tax account, you must fill out a new application form and send it back.
• Your payment of final utility must be made using one amongst the alternate payment methods.

In case you are selling a house on behalf of someone else, please refer to the estate executor or power of attorney.

Authorized Owner Emerges as the Former Property Owner on My Tax Bill

Every year, in the middle to end of November, the Municipal Property Assessment Corporation (MPAC) sends the return of the roll of assessment, along with the property assessment, to the City of Toronto. The city creates the last and interim property tax bills using this property information from MPAC. Your tax bill's name(s) and postal address are upgraded by the name(s), the city name, which is listed under "Assessed Owner" is taken from the assessment roll's annual return. The former owner may be listed in the "Assessed Owner" field of your property tax bill levy in 2023. If you bought the property after October 31, 2022. You will see your name listed on your property tax bills levied in 2024 as the "Assessed Owner." The owners of property can contact MPAC at 1-866-296-6722 or go to the website of MPAC in order to access information about their property. Opens a new window to access the online resource; separate window.AboutMyProperty opens a new window to allow you to view the information stored about your property.

Present the Estate Executor or Letter of Attorney and Power of Authorization

Power of Attorney or Estate Executor

The owner of property, or the person(s) designated as an executor or power of attorney, must provide the following in order to fulfil a mailing address change request and/or have information regarding tax/utility accounts released to an authorised agent:

• You must have a signed or written request through an agent which is stating the address of the property and the account number of the utility along with the assessment roll number.
• Comprehensive supporting documentation, including, if necessary, a certificate of death or a legal document transferring ownership of a property.
• Full supporting documentation that clearly names the power of authorisation or estate executor.

Authorization letter

You must submit a Letter of Authorization with the following information in order to release tax or utility account information to an authorized agent:

• The address of the property, the roll number of assessment, or the utility account number.
• A statement of authority that you are granting and to whom you are granting it.
• The property owner's signature.

Send your request through mail or fax Account Administration Toronto Services of Revenue Post Office: Box 4300, STN A Toronto, ON M5W 3B5 Fax Number: 416-696-3640

Provide Your Official Documents for Name Change

You can follow the steps to alter your name on your utility or tax account. Simply put your request forward along with a certificate of marriage or a name change certificate.

Put forward your request through fax or mail: Toronto City Services of Revenue Account Administration Post Office: Box 4300, STN A Toronto, ON M5W 3B5 Fax Number - 416-696-3640

In a Nutshell If you want to move to Canada and buy or sell property, you must be aware of the specifics. Above, we have explained all the pre and post steps related to tax on new property, property tax lookup Toronto Utility Accounts, and furthermore to help you take an educated step.