Canada: New Tax Filing Forms For April 30, 2023 Deadlines: Federal Underused Housing Tax Return Requirements - Moodys Private Client Law LLP

First announced in Budget 2021, enacted June 9, 2022, and effective retroactive to January 1, 2022, the federal Underused Housing Tax Act mandates a filing requirement and potential 1% tax on the assessed value of vacant or underused housing in Canada.