Underused Housing Tax

Government of Canada

The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners.

Go here for more information >>

Advent Real Estate Services Ltd. cannot advise on the Underused Housing Tax, please contact Canada Revenue Agency (CRA) or an Accountant for more information.

For your convenience Advent has provided a screenshot of The Government of Canada's website below.

Disclaimer