Ever seen those dreaded fangs on your financial chart when expenses outpace revenue, and those red lines look like they’re ready to take a bite out of your budget? Fear not! Join us as we learn how to unlock savings. 

In 2022, Centretown Citizens Ottawa Corporation (CCOC) secured property tax reductions through the provincial superior court, saving millions across its portfolio and evading those menacing fangs! 

Property taxes can be a significant burden on non-profit housing budgets, especially after end-of-mortgage (EOM). While recent amendments to the Housing Services Act, 2011 allow service managers to approve tax reductions under new service agreements, these approvals are not guaranteed. 

Learning from CCOC’s success, discover how your organization could secure substantial tax savings. We’ll cover: 

• Getting started: Where to begin your tax reduction journey 

• Step-by-step process: A detailed guide through each stage 

• Timeline: How long it typically takes 

• Tenant impact: Understanding its effects on Ontario Trillium Benefit (OTB) and more 

• Working with service managers: What to expect, from repayment of savings to negotiating new agreements 

Don’t miss this opportunity to gain essential insights, banish those fangs, and take control of your property tax expenses! 

This session will be recorded as part of the ONPHA Opening Doors podcast.

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