Category: Tax
The Federal Government has introduced new changes to help certain business owners reduce their tax burden when they sell the shares of their active business corporation.
On February 22, the Provincial Government introduced Budget 2024, which made several significant tax changes focused on housing.
The Speculation and Vacancy Tax has been in force in British Columbia since 2018 and owners of residential real estate in certain designated areas must file a declaration setting out
Owners of Canadian residential property can breathe a sigh of relief when it comes to the relatively new Federal Underused Housing Tax (the “UHT”) that came into effect on January
The Federal Government’s new Underused Housing Tax came into effect on January 01, 2022 and, as a result, owners of vacant properties anywhere in Canada may be liable for the
The newly proposed draft Underused Housing Tax Act is the first federal legislation aimed at countering real estate speculation and vacancy rates in Canadian real estate.