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Underused Housing Tax Updates - What You Need to Know

Navigating Compliance, Exemptions, and Implications in Canada's Underused Housing Tax (UHT)

Created byChris Dyck
BeginnerUpdated Aug 6, 2023

What You'll Learn

  • check_circleComprehend the mechanics of UHT calculations and its application to residential properties owned by non-exempt individuals or entities.
  • check_circleIdentify qualifying occupancy exemptions for UHT and determine the eligibility criteria for primary residences, testamentary trusts, and rented properties.
  • check_circleDevelop strategies to prioritize compliance and exemption clarity for affected property owners, ensuring accurate UHT filing.
  • check_circleDiscuss the uncertainties surrounding UHT penalties and processing, preparing for potential challenges and extensions beyond the deadline.
  • check_circleExplore potential future developments or revisions in UHT regulations and its implications for CPAs and the real estate market.
  • check_circleEnhance communication skills to effectively advise clients on UHT matters, including the importance of detailed record-keeping and documentation.

About This Course

This specialized course is designed for CPAs seeking in-depth knowledge of Canada's Underused Housing Tax (UHT). The UHT is a significant measure implemented to address concerns about the real estate market, housing affordability, and the impact of foreign ownership.

This course will explore the complexities surrounding UHT, including its mechanics, exemptions, compliance requirements, penalties, and implications for property owners.

Participants will gain the expertise needed to navigate UHT regulations effectively, ensure compliance for their clients, and make informed decisions regarding tax obligations and exemptions.

You will gain clarity on:

  • The background and purpose of the Underused Housing Tax.
  • Identifying which residential properties and owners are subject to the UHT rules.
  • Determining filing obligations, including which entities and individuals must file, regardless of tax liability.
  • Detailed exploration of key exemptions available, such as those for Canadian citizens and permanent residents, publicly traded corporations, and various qualifying occupancy conditions.
  • Understanding how to calculate the taxable value of a property for UHT purposes.
  • Navigating compliance deadlines and the serious consequences of non-filing or incorrect reporting.
  • Practical considerations for advising clients and ensuring accurate UHT compliance.

Equip yourself with the knowledge necessary to confidently manage UHT requirements, mitigate compliance risks, and effectively advise stakeholders on this important new tax.

Course Content

1 activity • 1 videos • duration: 1h 5m

  • videocamWhat Should I Know The Underused Housing Tax
    Duration 65:30

Your Instructor

Chris Dyck

menu_book2 courses
star238 reviews

As a Partner at Avisar, Chris brings over two decades of experience helping owner-managed businesses and small non-profit organizations. Chris is passionate about helping business owners grow successful businesses while minimizing their overall tax bill. Having trained with a mid-sized firm, Chris then moved on to gain experience with an international firm before joining Avisar. He is a hands-on advisor who takes time to listen to his clients’ concerns in order to provide practical proactive solutions.

Credit Information

Professional development requirements vary by profession, country, and regulatory body. Before enrolling, review the course details and confirm that the content, learning format, and any listed credits meet your specific requirements. You are responsible for confirming eligibility with your regulator or professional association and keeping the records required for reporting.

What Students Are Saying

4.5 out of 5
Student's Choice
24 reviews

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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