Underused Housing Tax Notice UHTN15, Questions and Answers About the Underused Housing Tax, 17 April 2023

Two returns required where 2 registered individuals holding as partners (para. 1.8)

• Where 2 individual citizens are shown on the land...

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Meaning of “could reasonably be considered to be an owner” (para. 1.14)

• The reference to “could reasonably be considered to be an owner”...

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Continuance into Canada not incorporation in Canada (para. 1.19)

• A corporation incorporated outside Canada and continued into Canada does not...

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Need for private facilities (paras. 1.24, 1.35, 1.36)

• Boarding or lodging houses are not considered to be dwelling units due to the lack of...

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Focus on purpose of construction (para. 1.25)

• Commercial cottages, cabins and chalets situated on one lot are not considered to be residential...

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Assessed value used even where excess land (para. 2.1)

• Where, for example, the assessed value of a 10 hectare plot of land reflects the value of...

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No requirement to complete assessed value if exemption applies and return is filed on time or no more than 8 months late (para. 3.1)

• A person is...

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Bare trust can be a specified Canadian trust (para. 1.18)

• A corporation holding title to a residential property in Canada as bare trustee would...

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Individual cannot satisfy “use” test if holding as trustee (paras. 5.1, 5.2)

• Only individuals holding in their own capacity (rather than as...

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Qualifies if not winterized (para. 9.2)

• A residence that is not winterized (e.g., no sewer or septic system, no year-round power or water access,...

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“Public access” (paras. 9.3 to 9.6)

• “Public access” means “the way or means of approach to the residential property, such as a road, is...

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Deceased individual can be excluded owner (para.12.1)

• Given the implication of s. 6(7)(h) that a deceased individual still shown on title is a...

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Deceased individual can be excluded owner (para.12.1)

• Given the implication of s. 6(7)(h) that a deceased individual still shown on title is a...

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Property that has not been substantially completed is not exempted under s. 6(7)(k) (para. 13.2)

• Given that a property that has not been...

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