November 2025

The end of the Underused Housing Tax

Posted on Nov 06, 2025 in Regulatory Changes

The 2025 Budget proposes to eliminate the UHT as of the 2025 calendar year. The Underused Housing Tax (UHT), a 1% yearly tax that applies to vacant or underused residential property owned by Canadian Corporations, non-resident, or non-Canadian Owners has been proposed to be eliminated for the 2025 calendar year. 

As proposed, previous years would sti...

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