Learn about the new Underused Housing Tax

Underused Housing Tax

There is a new tax filing obligation in effect, filing deadline April, 30 2023. This may affect you!

Who does this new tax affect?

An affected owner includes: (but not limited to)

• Non-Canadians owning residential property in Canada
• Canadians owing a residential property as a trustee of a trust
• Canadians owning a residential property as a partner of a partnership
• A corporation that is incorporated outside Canada
• A Canadian corporation whose shares are not listed on a Canadian stock exchange
• A Canadian corporation without share capital

This may include:

•Husband and wife ownership may be considered a partnership

•Properties purchased in Holding Companies or Incorporated Businesses

•Properties purchased personally with a Bare Trust Agreement.

Canmore Accountant Todd Stokowski

Join us on Saturday April 1, 2023 6:30pm for our monthly Zoom meeting.

Todd Stokowski will be sharing the details you need to know and answer any questions you may have regarding this new tax and how it may affect you.