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Will underused housing tax (UHT) finally be repealed?
The Canadian government aims to repeal the 1% annual tax on vacant or underused residential properties from 2025, following adjustments to ease compliance.
- Budget 2025 proposed to eliminate the Underused Housing Tax as of the 2025 calendar year, included in Bill C-15 which remains subject to royal assent, stopping UHT payments and filings for 2025 and later.
- Complaints from farmers and others prompted MPs to raise issues with the Underused Housing Tax , which took effect on January 1, 2022, and amendments aimed to ease compliance, including expanding 'excluded owners' in the UHTA, a source said.
- Citizens and permanent residents are excluded from filing obligations; penalties and interest still apply for the 2022–2024 calendar years, with a minimum $1,000 fine for individuals, and the CRA states filings are due by April 30, 2026.
- Requests for comment were passed to the Department of Finance, and one official said the repeal will take time to clear the legislative process, including Royal Assent.
- Owners can consult the CRA's Underused Housing Tax page for guidance, as Bill C-15 has passed second reading in Parliament and repeal awaits royal assent.
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Ontario Farmer+12 Reposted by 12 other sources
Will underused housing tax (UHT) finally be repealed?
If the federal budget legislation Bill C-15 is passed, complaints from farmers fielded by some MPs about the Underused Housing Tax, imposed just four years ago, may finally be addressed.
·London, Canada
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Total News Sources13
Leaning Left0Leaning Right12Center1Last UpdatedBias Distribution92% Right
Bias Distribution
- 92% of the sources lean Right
92% Right
R 92%
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