New Video: Underused Housing Tax

This video provides an overview of the Underused Housing Tax, including filing requirements and any tax exemptions that are available. It will also help you determine whether a taxpayer is an affected or excluded owner for filing purposes.

The Underused Housing Tax (UHT) 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, but also applies to Canadian owners in certain situations, even if they are exempt from paying the UHT. The TaxCycle Forms module includes the UHT-2900 and a worksheet to help track property information.

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