NEWS
Underused Housing Tax (UHT) What you need to know
The Underused Housing Tax (UHT) was introduced in 2022 to target vacant and underused residential properties in Canada. The tax aims to address housing affordability by encouraging property owners to utilize their properties.
Key Updates:
- Filing Deadline: The filing deadline is October 31, 2023.
- Exemptions: Various exemptions apply, including for principal residences and properties with active use.
Impact on Farmers:
Farmers may be impacted if they own residential properties on their farmland. The UHT does not typically apply to agricultural properties used for farming purposes, but residential properties on these lands may be subject to the tax if they are considered vacant or underused. It’s important for farmers to evaluate their residential properties and ensure they comply with the tax if applicable.
Please review the Quick Reference Chart below. We encourage you to contact your Stark & Marsh advisor for questions about your circumstances.

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