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Tag: Underused Housing Tax

Underused Housing Tax (UHT)

Posted on 10/23/202310/31/2023 By cpb 2 Comments on Underused Housing Tax (UHT)

Under the C-8 Act, the Government has implemented a 1% annual tax on the fair market value of “underused residential property” owned by non-resident, non-Canadians. For instance, a home bought for $1,700,000 in 2018 with a current fair market value of $2,000,000 will incur a $20,000 tax.

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