The Underused Housing Tax (UHT) is an annual 1% tax on real estate that is owned by non-resident, non-Canadians and is considered vacant or underused. In some situations, this can also apply to Canadian citizens. The Underused Housing Tax Act (UHTA) requires property owners impacted by this tax to file an annual return, subject to certain exemptions, and pay a 1% tax on the property’s value.
To learn more, join us for a free educational webinar on the UHT on July 26th at 2:00 EST. Approx. 1.5 hour webinar.
The webinar will be facilitated by a liaison officer from the Canada Revenue Agency (CRA) as well as a representative from the CRA’s Real Estate Appraisal Section to answer questions related to the appraisal requirements.
2 CE Hours
During the session the liaison officer will cover topics including:
- Overview of the Underused Housing Tax (UHT)
- Who must file a return and pay the tax
- Calculate the tax owing
- Filing a return