PWC, "Tax Insights: The underused housing tax – A new compliance requirement for many owners of Canadian residential property", Issue 2023-06R, 5 April 2023

Summary Under
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Residential Property
a building or condo unit is not a residential property until it is substantially completed

The GST/HST Rulings Directorate issued a technical interpretation to the Canadian Home Builders Association on March 10, 2023 indicating:

  • a...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

Summary Under
Tax Topics - Other Legislation/Constitution - Federal - Underused Housing Tax Act - Section 2 - Taxable Value
no need to indicate assessed value on a timely-filed return if an exemption is available

The GST/HST Rulings Directorate is described as indicating in a technical interpretation issued on March 10, 2023 that “a property’s assessed...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.