Finance releases final details of underused housing tax
Many pending taxation issues were not addressed in Tuesday’s fiscal update, however
The federal government has released a motion to enact the 1% underused housing tax (UHT) first proposed in the 2021 federal budget, which is slated to take effect Jan. 1.
The federal government released final details for the UHT in its fall economic update on Tuesday, following a consultation that ran from August to September.
Article Written By: Melissa Shin
Original Article Posted on: December 14, 2021
Link to Original Article: https://www.advisor.ca/tax/tax-news/finance-tables-legislation-for-underused-housing-tax