The Underused Housing Tax & your farm operation
By Kurt Oelschlagel, BDO Canada LLP
Thursday, February 23, 2023

Section: Taxes

How does the UHT impact your farming operation?

Types of properties included in the UHT Detached homes Detached homes with up to three units (e.g., duplex, triplex) Semi-detached homes Row houses Condominiums
In June 2022, the Underused Housing Tax (UHT) Act received Royal Assent and is now law. It implements an annual 1% tax on the value of vacant and underused residential properties directly or indirectly owned by those who are not permanent residents or Canadian citizens. It became effective Jan. 1, 2022 and the first tax return for year-end December 31, 2022, is due at the end of April 2023.

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