Toronto Skyline

Understanding the new 1 per cent Underused Housing Tax

The Underused Housing Tax (“UHT”) imposes a mandatory tax return filing obligation and potential tax liability on most owners of Canadian residential properties.  A residential property generally refers to a detached house, duplex, triplex, semi-detached house, rowhouse unit, residential condominium unit or other similar premises containing a private kitchen, bath and living area.  An owner of …

Understanding the new 1 per cent Underused Housing Tax Read More »