CCI Toronto News

Reminder: Federal Underused Housing Tax (UHT) »

See our Legislative Newsflash of March 21, 2023 regarding the Underused Housing Tax.

To provide more time for affected owners to take necessary actions to comply, the Minister of National Revenue provided transitional relief to affected owners. The application of penalties and interest under the UHTA for the 2022 calendar year will be waived for any late-filed underused housing tax (UHT) return and for any late-paid UHT payable, provided the return is filed or the UHT is paid by October 31, 2023.

This transitional relief means that although the deadline for filing the UHT return and paying the UHT payable was still April 30, 2023, no penalties or interest would be applied for UHT returns and payments that the CRA receives before November 1, 2023.

Learn More About Underused Housing Tax

The CCI Toronto Legislative Committee is committed to providing regular ongoing updates regarding all legislation concerning condominiums, in order to keep our members abreast of changes of which they need to be aware.