The Underused Housing Tax (UHT) is a new tax that applies to non-resident individuals who own residential property in Canada. Canadian corporations that hold residential properties will not be subject to any UHT if their shareholders are all Canadian citizens or permanent residents, however, all corporations are required to file a UHT return to report the residential property. Failure to submit the UHT return will result in a minimum penalty of $10,000. Our records show that you own property through a company. Please answer the questions below so that we may understand and assist with your UHT filing.
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