The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners. Click the link below to find out more about who qualifies, the filing deadlines and penalties.
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Underused Housing Tax
Are you up to date on the new tax implemented by CRA? Check out these important changes.