In September 2016, the Ontario Government announced that they would give consumers an 8% tax cut on their hydro bills starting in January 2017. We approached this potential rebate with caution because we are all too familiar with how the wording of legislation unintentionally caused the 10% Ontario Clean Energy Benefit to be applied differently across condominiums.
It was further announced and confirmed that Condominiums will be eligible for this rebate. The team at Malvern is now closely monitoring all billing effective January 1, 2017 to ensure that this credit is reflected on the hydro bills for our eligible communities. In certain jurisdictions Declaration forms are required to be completed which are being returned to the appropriate utility.