Canada’s New Underused Housing Tax – What You Need to Know Before the Filing Deadline on April 30

Effective for the 2022 calendar year, the new Underused Housing Tax (“UHT”) is an annual 1% tax on the value of vacant and underused residential properties in Canada owned by owners who are non-resident, non-Canadian, or in certain circumstances, Canadian owners. All owners (“affected owners”) who are subject o the UHT (other than “excluded owners” as discussed below) are required to file a UHT return … Continue reading Canada’s New Underused Housing Tax – What You Need to Know Before the Filing Deadline on April 30 »