Underused Housing Tax (UHT) return has been extended to April 30, 2023

The Canadian government and Canada Revenue Agency (CRA)  has extended the deadline for filing the Underused Housing Tax (UHT) return to April 30, 2024. This extension applies to the 2022 calendar year and aims to help owners meet their obligations under this new law, part of the Government’s plan to address housing shortages. The UHT, a 1% annual tax on vacant or underused residential property in Canada, mainly affects foreign national owners and some Canadian entities. The majority of Canadian individuals are exempt.

The CRA has published a new online self-assessment tool for owners to determine their status. 

This tool helps you to find the information you need to determine if you:

  • Need to file a return and pay the tax; or
  • Need to file the return but not pay the tax because you may qualify for an exemption from paying the UHT; or
  • Do not have to file a UHT return or pay the tax because you are an excluded owner.

If you’re an affected owner of residential property in Canada, you must file a separate UHT return by April 30, 2024, for each property you owned on December 31 of the 2022 and 2023 calendar years to avoid penalties and interest.

For more details contact one of our tax advisors or visit the Government of Canada’s official page.