The Underused Housing Tax is an annual federal 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022.
The tax generally applies to foreign national owners of housing in Canada. However, in some situations, this tax also applies to some Canadian owners (such as certain partners, trustees, and corporations).
This tax is distinct from other vacancy taxes imposed at the provincial or municipal level. It is crucial to determine whether you are subject to these taxes separately. Even if exempt from one , you may still be liable for another tax.
For more information, please visit the federal government website for
Underused Housing Tax .
