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Taxation

We found 37 articles

  • FALL 2012 - FOCA REPORT on Property Taxation

    In February 2012, Federation of Ontario Cottage Associations (FOCA) Executive Director Terry Rees, and Tax Committee member Alan Morson, met with MPAC's Government and Business Relations group. The purpose of the meeting was to clarify and establish ke...read on
  • SPRING 2012 - FOCA PROPERTY TAX UPDATE

    In February 2012, FOCA Executive Director Terry Rees, and Tax Committee member Alan Morson, met with Mark Lindquist, MPAC Government and Business Relations Manager. The purpose of the meeting was to clarify and establish key points about waterfront pro...read on
  • WINTER 2012 - PROPERTY TAXATION

    In 2011, FOCA carries on as a leader in property tax reform, continuing our long-term interests that were initially delivered through WRAFT (Waterfront Ratepayers After Fair Taxation) and CAPTR (Coalition After Property Tax Reform). WRAFT officially j...read on
  • UPDATE FROM WRAFT, SUMMER 2010

    The WRAFT (Waterfront Residents after Fair Taxation) Board met in December 2009 and again in June 2010, to take stock of our position and to do some planning for the year ahead. At the most recent meeting, the leaders represented around the WRAFT table...read on
  • MARCH 2010 - DEALING WITH AN INAPPROPRIATE ASSESSMENT - DEADLINE MARCH 31, 2010

    Dear WRAFT Member, At the WRAFT Annual General Meeting in the fall of 2009, many members expressed the desire to have some information which would assist them in dealing with inappropriate assessments. Attached to this message you will find three docu...read on
  • SPRING 2009 - WHAT WILL HAPPEN TO THE FAMILY COTTAGE?

    (NC)-The family cottage has lots of great memories attached to it, and it's tough when the day finally comes to let it go. Whether it's following the death of a loved one, or just because the time has come to sell it, there are tax, legal, and financia...read on
  • WINTER 2009 - TAX ISSUES

    In considering the issue of property tax which has been under much scrutiny, and the related issue of the market value assessment it is important to bear in mind, that while the values established by MPAC are incorporated into the property tax system, ...read on
  • WINTER 2009 - TAX ISSUES

    In considering the issue of property tax which has been under much scrutiny, and the related issue of the market value assessment it is important to bear in mind, that while the values established by MPAC are incorporated into the property tax system, ...read on
  • WINTER 2009 - WHAT WILL HAPPEN TO THE FAMILY COTTAGE?

    (NC)-The family cottage has lots of great memories attached to it, and it's tough when the day finally comes to let it go. Whether it's following the death of a loved one, or just because the time has come to sell it, there are tax, legal, and financia...read on
  • SCRAP THE 2008 PROPERTY ASSESSMENTS

    CAPTR and WRAFT say keeping new, out of date valuations will unfairly penalize thousands of Ontario homeowners. TORONTO, ON -- The Government of Ontario should cancel the most recent round of province-wide property assessments, and completely re-exami...read on
  • SCRAP THE 2008 PROPERTY ASSESSMENTS

    CAPTR and WRAFT say keeping new, out of date valuations will unfairly penalize thousands of Ontario homeowners. TORONTO, ON -- The Government of Ontario should cancel the most recent round of province-wide property assessments, and completely re-exami...read on
  • THE ONTARIO PROPERTY ASSESSMENT AND TAX SYSTEM

    What's wrong, and what can be done? The market slowdown and the four year assessment:The recent assessment has created serious concern among Ontario home and cottage owners. It covered a three year period of generally strong real estate markets. The a...read on
  • THE ONTARIO PROPERTY ASSESSMENT AND TAX SYSTEM

    What's wrong, and what can be done? The market slowdown and the four year assessment:The recent assessment has created serious concern among Ontario home and cottage owners. It covered a three year period of generally strong real estate markets. The a...read on
  • LOCAL PROPERTY VALUES UP OVER 33%

    ALMAGUIN - Residents throughout Almaguin have received or will soon receive official appraisals of what their properties are worth, though the forms aren't from realtors. The Municipal Property Assessment Corporation (MPAC) is just about finished sendi...read on
  • LOCAL PROPERTY VALUES UP OVER 33%

    ALMAGUIN - Residents throughout Almaguin have received or will soon receive official appraisals of what their properties are worth, though the forms aren't from realtors. The Municipal Property Assessment Corporation (MPAC) is just about finished sendi...read on
  • SUMMER 2008 - COTTAGE SUCCESSION PLANNING

    With cottage properties continuing to rise significantly in value across the country, many people have become concerned about the ability to pass their property onto their children. Before making any decisions, you should first sit down with your famil...read on
  • SPRING 2008 - TAXATION REPORT

    We are all no doubt aware of the saying that "there are two sure things in life..... death and taxes". Perhaps, by the end of this year, you will be thinking it should be amended to "Death by Taxes". I am referring, of course, to the fact that come thi...read on
  • WINTER 2008 - REALTOR SAYS PROPERTY TAXES DUE FOR WHOPPING RISE

    Property Taxes Rising . . . Ontario property owners will see a double-digit increase on their assessments because of the hot housing market and because the province's property assessment freeze has lifted, an expert warns. Maureen O'Neill, president ...read on
  • WINTER 2008 - UPLOAD OF MORE THAN $935 MILLION IN SOCIAL COSTS

    August 20, 2007 Premier Announces more than $935 Million Upload of Social Costs FOCA is cautiously optimistic about the recent announcement by Ontario Premier Dalton McGuinty to relieve almost a billion dollars of costs currently borne on municipal pro...read on
  • WINTER 2008 - FINANCIAL PLANNING - ARE YOU AWARE OF THE NEWEST TAX BREAKS?

    (NC)--This year's Federal Budget introduces a number of new tax credits and deductions. To underscore what this means for you, here's a snapshot of savings for the family sector, courtesy of Alterna Savings (alterna.ca): A credit of $2,000 is yours for...read on
  • 2006 TAX CHANGES TO KEEP IN MIND

    (NC)-Last May's federal budget offered up some changes that you will not want to miss when preparing your 2006 tax return. The new $250 Canada Employment Credit will benefit most working Canadians. The credit, which recognizes work-related expenses inc...read on
  • SUMMER 2006, IT'S POSSIBLE TO KEEP IT IN THE FAMILY

    "You can't avoid taxes and you may not be able to avoid arguments, but David Fox-Revett says it is possible to minimize both and still hand the cottage on to the next generation". Enjoying the cottage with the family is one of the main reasons people h...read on
  • SUMMER 2006 TAXATION - WE'RE GETTING SOMEWHERE - DON'T STOP NOW!

    We have finally attracted the attention of the Provincial government, but now we must redouble our efforts to get them to follow through and achieve some reform. Congratulations, and thank you to those of you who sent letters to your MPP and/or the Om...read on
  • SPRING 2006 TAXATION REPORT

    So far it has been a rather interesting and convoluted year for the taxation committee, between the MPAC debacle, the Homestead Act developments, the activities of WRAFT, and last but not least, the concerns of increasing taxation not only on waterfron...read on
  • WINTER 2006, WRAFT WINTER REPORT UPDATE

    A few weeks ago the Ombudsman issued his scathing report on the assessment procedures at MPAC. For details of the report go to http://www.ombudsman.on.ca/english.asp WRAFT put out a press release following the issue of the report calling for the shelv...read on
  • WRAFT REPORT, WINTER 2006, ISSUE 5

    Our apologies for being a little late with our Winter WRAFT Report. While its late it does bring some good news, unlike the report drafted a month ago. On March 1, MPP Tim Hudak, PC Finance Critic, introduced a private members bill to the legislature...read on
  • MPAC IN CREDIBILITY CRISIS

    TORONTO, Ontario (March 28, 2006) - The Municipal Property Assessment Corporation (MPAC) is experiencing a crisis of credibility and must take real and concrete steps to improve public confidence in the assessment system, Ombudsman André Marin said at...read on
  • WRAFT's LETTER TO THE ONTARIO OMBUDSMAN RE MPAC, BOATHOUSES, CROWN LAND and the MNR

    Here is a copy of the letter sent to the Ontairo Ombudsman by WRAFT (Waterfront Ratepayers after Fair Taxation). Additional information can be found on their website www.wraft.com ...read on
  • NOVEMBER 2005 - WATERFRONT RATEPAYERS AFTER FAIR TAXATION (WRAFT) MEETING

    On Saturday, Nov. 5 WRAFT held its second annual meeting that saw a high level of attendance from cottage owners associations across the province. From the discussions at the meeting, it was revealed that in the opinion of the members the assessments f...read on
  • MPAC UNDER INVESTIGATION - October, 2005

    TORONTO: Many municipal property owners are cheering the news that the Ombudsman of Ontario is launching a legal investigation into the Municipal Property Assessment Corporation (MPAC). One Almaguin municipality, Kearney, has been in MPAC's headlights ...read on
  • MPAC - MUNICIPAL PROPERTY ASSESSMENT CORPORATION

    The 2005 Property Assessment Notice, which shows the assessed value of your property as of January 1, 2005 is in the mail. Those of you who have received your notice will no doubt see an increase over the previous assessed value which was as of June 30...read on
  • UNFAIR TAXATION, AND WHAT WE CAN DO ABOUT IT!

    WRAFT (Waterfront Ratepayers After Fair Taxation) is a coalition of concerned waterfront associations in Ontario, of which Cecebe Waterways Association is a member. Their mission is to achieve equity in waterfront property taxation. You will remembe...read on
  • SPRING 2005 - A COTTAGE TAX HIT CAN BE A BURDEN!

    The two inevitables -- death and taxes-- can really mess up years of cottage memories. Vacation properties are usually the second-biggest investment for most and unlike a primary home, upon the death of the owner, there will likely be a significant ta...read on
  • SPRING 2005, TAX PLANNING for YOUR COTTAGE

    If you are prepared to bite the bullet now and pay tax on your cottage, you can set up matters so that the tax on future gains is postponed indefinitely by taking the following steps: *Set up a corporation with no shares (a membership company) that wi...read on
  • SPRING 2005, TAXATION

    As outlined in the last newsletter, your Association is a member of WRAFT, the Waterfront Ratepayers After Fair Taxation - an organization developed to redress some of the inequities in the provincial property taxation system, specifically as it relate...read on
  • WINTER 2005, TAXATION REPORTS

    It is certain that there are two things guaranteed in life, they being death and taxes. As tax chair while I can do nothing professionally about the former, on behalf of the Association, I am addressing the latter issue. Last year, your Association be...read on
  • WINTER 2005, WRAFT - NEW COALITION FIGHTS UNFAIR PROPERTY TAX

    A new Ontario coalition of waterfront associations has been formed to fight an increasing shift of municipal taxes onto waterfront properties. The Waterfront Residents After Fair Taxation (WRAFT) coalition will bring together cottage and other resident...read on