November 2023

🍁The Underused Housing Tax Act (UHTA) – Key Dates and Requirements Approaching 🍁

The purpose of the UHTA  The UHTA, effective from January 1, 2022, imposes a 1% annual tax on vacant or underused residential properties not owned by Canadian citizens or permanent residents. This tax is calculated based on the property’s assessed value or recent sale price, with the first payment due by April 30, 2024  Note:

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