Join us for an in-depth review of the new Underused Housing Tax ("UHT") to learn how it affects you and your clients. The UHT is a Federal tax applied to vacant or underused housing in Canada, targeting Canadian and foreign property owners alike. Filing an annual return is necessary for affected owners of residential properties who meet specific criteria, and significant penalties apply to those who do not file. Understanding elements such as the type of ownership, what type of entity the property is held, and the type of property can impact both the filing and tax obligations. Our expert panel will discuss in detail all aspects of the UHT, provide clarifications, and will answer pressing questions.

Topics discussed:

UHT policy objectives

Properties subject to UHT

Eligible areas impacted

UHT exemptions

Who are excluded owners?

Multiple-property obligations

Calculating the UHT

Penalties for non-compliance

Filing deadlines and obligations

Provincial obligations