Mar 24, 2023 | News and Events, Personal Tax and Finance, Trusts and Estates, UHT & Trusts, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners as of December 31, 2022. Owners who are obligated to file a UHT return are considered affected owners. Owners who are not... 
Mar 14, 2023 | News and Events, Personal Tax and Finance, Strata Corporations, Trusts and Estates, UHT & Trusts, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners, including some short and long term rental property owners, as of December 31, 2022. For a full overview of the Underused... 
Mar 14, 2023 | News and Events, Trusts and Estates, UHT & Trusts, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners, including some trustees of bare trusts, as of December 31, 2022. For a full overview of the Underused Housing Tax, see our... 
Mar 14, 2023 | News and Events, Personal Tax and Finance, Strata Corporations, Trusts and Estates, UHT & Trusts, Underused Housing Tax Updates
On June 9, 2022, the Government of Canada implemented the new Underused Housing Tax (UHT) that will affect certain residential property owners as of December 31, 2022. The Underused Housing Tax is a 1% annual tax on vacant or underused housing in Canada on the... 
Mar 15, 2022 | Personal Tax and Finance, Strata & Council
If you’ve either started or stopped renting out your home in the 2021 tax year, you’ll likely need to file a change in use election along with your tax returns this year. This might sound a bit daunting, especially if you’ve never dealt with one before. But, it’s... 
Oct 5, 2021 | Featured, Strata & Council
The Province of British Columbia introduced the Land Owner Transparency Act (“LOTA”) in May 2019 in the hopes of uncovering hidden ownership in real estate as a means to crack down on tax fraud, money laundering and close tax loopholes. Effective November 30, 2020,...