Press release
The Association of the Quebec Landlords (APQ) reminds the owners of rental residences that the amount of their invoice of property taxes on their rental buildings must be taken into account during the calculation of the rent increase, and this must be done every year.
“Indeed, according to the calculation form emitted each year by the Rental Board, every owner must make the real calculation and this calculation includes the difference between the amount of the taxes of the previous year and the one of the current year. Thus, for the year 2011, it will be necessary to calculate the difference between the year 2010 and the amount of taxes to be received for 2011“, says Martin Messier, president of the RPHL.
According to the budget presented yesterday by the Mayor of Quebec, Mr Régis Labeaume, this year the average rise of the tax is 1,3%. But in certain sectors, in Vanier and Sillery, the rises will be respectively 4,85% and 4,46%. Even if the Mayor has stated that he does not have the choice because it is the indirect consequence of the merger and that that will last until 2017, it will be up to the owners to assume and absorb this increase.
It is important to keep in mind that the owner cannot spread or defer the rise of taxes which he must assume according to current rules of setting of the rents.
As for the previous years, the APQ will itself place at the disposal of the owners of buildings its form of calculation on the www.apq.org website so that the owners can calculate the increase in rent which will have to be made. The form, for the year 2011, will be updated as soon as the official rates of the Rental Board will be updated in January of 2011.
Founded in 1984, the Association of Quebec Landlords (APQ) is the most important association to offer services to the owners of rental residences while being present in all the regions of Quebec.
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