What’s New at
Horne Coupar LLP?

The Canada Revenue Agency has extended the effective deadline again for filing and payment for the 2022 Underused Housing Tax (“UHT”) returns until April 30, 2024. Penalties and interest will be waived as long as the return is filed and payment is made before May 1, 2024. This coincides with the deadline for the 2023 […]

The CRA recently released an update regarding the Underused Housing Tax. See link below for more information: https://www.canada.ca/en/revenue-agency/news/newsroom/tax-tips-2023/underused-housing-tax-penalties-and-interest-waived.

What is the Underused Housing Tax Act and does it affect you? The Underused Housing Tax Act is new federal legislation which imposes an annual tax on the ownership of applicable residential property and took effect on January 1, 2022. Many Canadians will not need to pay the tax that is imposed by the Act,but […]