Underused Housing Tax

It is becoming increasingly apparent that there is an obligation to file UHT-2900 Returns where couples (and other Canadian Citizens) jointly purchase rental properties.

If only one person who is a Canadian Citizen or Permanent Resident of Canada) owns the property, then they are an excluded owner.

If more than one person, notwithstanding that they are Canadian Citizens or Permanent Residents, owns the property, they are each an affected owner and each owner will need to file the UHT-2900 return by April 30, 2023 and must mail the UHT-2900 return to the tax department.