News about the ‘Underused Housing Tax’ for non-Canadian cottagers

Feb. 27, 2023

The Canadian government just enacted a new tax on foreign-owned properties, designed to prevent speculation in vacant (or “underused”) Canadian housing. The UHT amounts to 1% of the property value, every year. However, if you own a seasonal cottage in Canada, i.e. one that you can’t use for over half the year, then it is EXEMPT from the new tax. But there’s a catch: you still have to file with the Canadian government to claim the exemption, by April 30, 2023.

Read more about the tax and how to apply for the exemption here.