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Canada’s Underused Housing Tax Act: Canadian entities may be required to file new tax returns

|Tax Alerts, Information Reporting, Legis ...|Canada
Canada

  • Canada’s new Underused Housing Tax Act (UHTA), which came into effect on 1 January 2022, contains tax filing requirements. The first filing deadline is 30 April 2023.

  • It is important that taxpayers consider the implications of the tax filing requirements as they relate to their Canadian residential property holdings as there are significant penalties for non-compliance.

Canada’s new UHTA contains ta…

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