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The Federal Underused Housing Tax Act – What you Need to Know
What is It? The Federal Government recently introduced an annual 1% Underused Housing Tax on the ownership of vacant housing in Canada. The Underused Housing Tax Act is now in effect. What Properties are Subject to the Underused Housing Tax?...
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Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act
Amendments to the Prohibition on the Purchase of Residential Property by Non-Canadians Act On January 1, 2023, the federal government implemented the Prohibition on the Purchase of Residential Property by Non-Canadians Act and regulations (together, the “Act”) barring non-Canadians from...
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