Canada: New underused housing tax (UHT) filing, payment due 30 April

Annual return for specific types of residential property

Filing, payment due 30 April

Certain Canadian private companies and individuals—as well as non-resident, non-Canadian owners—now must file an annual return for specific types of residential property they own, and also determine whether they are liable for a 1% annual underused housing tax (UHT) on the property.

To meet new obligations for the 2022 calendar year, affected owners must file a separate UHT return and pay any related UHT by 30 April 2023 for each qualifying residential property they owned on 31 December 2022.

Canadian residential property owners—including nominee corporations, corporations wholly owned by Canadian citizens, and subsidiaries of public corporations—may have to meet these filing obligations even if no tax is ultimately payable. 

KPMG observation

Affected property owners must meet this new federal tax obligation in addition to other vacant and unused home taxes recently introduced at the provincial and municipal levels.

Read a February 2023 report [PDF 215 KB] prepared by the KPMG member firm in Canada


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