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Understanding the Underused Housing Tax for Canadians

What is it? The Underused Housing Tax is a federal tax of 1% on the ownership of vacant or underused housing. When is it due? The UHT deadline for the 2022 calendar year is April 30th, 2024. Failure to submit your UHT return by the provided date can result in fines of $5,000.00 for individuals […]

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