What effect will a property tax deferral, cancellation or other relief have on Ontario Senior Homeowners' Property Tax Grant calculations?

Any deferral or cancellation of property tax will affect an Ontario Senior Homeowners' Property Tax Grant claim. The amount of the deferral or cancellation cannot be included as "occupancy cost" for the calculation of the credit. Only property tax actually paid in the year can be considered "occupancy cost". If and when the deferred amount is repaid, the entire lump sum can be included as "occupancy cost" and used to calculate the Ontario Property Tax Credit in the year in which the amount is repaid. Any accrued interest cannot be included in the credit calculation.  For more information on the Ontario Senior Homeowners' Property Tax Grant, please visit www.cra.gc.ca

Will relief be provided for assessment-related tax increases after 1998?

For subsequent years, the Minister of Municipal Affairs and Housing may make regulations governing the determination of an assessment-related tax increase.

Will interest be charged on the deferred taxes?

A municipality that passes a by-law to defer taxes may specify a rate of interest to be charged. The Municipality of Chatham-Kent charges 6% compounded annually.

Any payment made toward deferred taxes must first be applied to any interest which has accrued on account of the deferral.

How will the amounts deferred/cancelled be recorded?

Tax certificates issued by the Treasurer must show the amount of deferred/cancelled tax and any interest accrued.

Where can I obtain more information?

You may contact the Municipality of Chatham-Kent by e-mail at ckar@chatham-kent.ca or by phone at 519.360.1998 or in writing to the address below.

Alternatively, you may call the Ministry of Finance Information Centre toll free at:

Telephone 1.866.668.8297

Fax 1.866-888-3850

Teletypewriter (TTY) 1.800.263.7776

Mailing Address:

Municipality of Chatham-Kent Tax Department

315 King Street West, P.O. Box 640

Chatham ON  N7M 5K8