Tax Alerts

Underused Housing Tax

As of December 31, 2022, a tax of 1% will apply to the value of any residential property that is considered underused and owned by an affected owner.

If you own the property in a clear and direct ownership structure (ie. it is in your name for your use) and are a Canadian citizen or permanent resident, the filing requirement will likely NOT apply to you.

Phone: 604-688-7800 / 587.401.4900