house underused tax 2023

New Underused Housing Tax: You May Have to File a Return and Pay Tax by May 1, 2023 

Isabelle Nadeau, B.C.L., LL.B., LL.M. Tax & Malissa Rastoul, B.B.A
house underused tax 2023

Effective January 1, 2022, the Underused Housing Tax requires certain owners of residential properties located in Canada to file a special tax return and pay a 1% tax on the value of vacant or underused housing in Canada.

The Crowe BGK tax experts have prepared a summary on this new tax.

Click here for more information