The Ryan Talks Tax Podcast is designed to keep you up to date on the latest developments in Canadian tax and government funding initiatives. Listen to our experts discuss emerging issues, significant legislative changes, and recent government announcements.
In Episode 20, we learn about Canada’s Underused Housing Tax (UHT). Introduced in the 2021 federal budget, this new tax on certain residential housing in Canada came into effect for 2022, with the first returns and remittances due in 2023. Jeffrey Shaw and Lisa McIntosh offer their insights on why the UHT has flown under the radar of many owners and what the government hopes to accomplish through its implementation.
Our guests also explain which housing owners are affected by the UHT and how the tax is calculated, while providing information on available exemptions, return filing deadlines, and the potential for significant penalties, including recently announced relief for late-filed returns and remittances.
The Ryan Talks Tax Podcast is also available for streaming on Spotify, under Podcasts, and Apple Podcasts. To listen to our episodes on these streaming platforms, search “Ryan Talks Tax” and click “Follow” or “Subscribe” to hear our latest releases.
If you have any questions or suggestions for future content, or experience any issues with the podcast, please contact us by email at Ryan Talks Tax Podcast.
Director, Client Support Services
Senior Manager, Sales and Use Tax
These materials are provided on a complimentary basis for informational purposes only. Because facts and circumstances vary from case to case, you should conduct an independent analysis and consult with qualified tax professionals before taking any action in your particular situation. Ryan and its affiliates are not responsible for, and expressly disclaim, any liability for damages or losses arising out of use of or reliance on these materials or on any of the information contained in these materials. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.