2023 Federal Budget Highlights

On March 28, 2023, Finance Minister Chrystia Freeland delivered the 2023 Federal budget. For our budget highlights, please click here. The Department of Finance has provided additional information on the tax measures proposed in the 2023 Budget. For further...

2023 Ontario Budget Highlights

On March 23, 2023, Finance Minister Peter Bethlenfalvy delivered the province’s budget. The budget anticipates a deficit of $2.2 billion for 2022-23, a deficit of $1.3 billion for 2023-24 and a surplus of $0.2 billion for 2024-25. Although there are no new changes to...

Underused Housing Tax – Update

The legislation for the Underused Housing Tax (UHT) was enacted by the Federal Government on June 9, 2022, effective on January 1, 2022. The UHT is a 1% tax on the ownership of vacant or underused housing located in Canada. Affected owners must now file a new...

Underused Housing Tax

The legislation for the Underused Housing Tax (UHT) was enacted by the Federal Government on June 9, 2022, effective on January 1, 2022. The UHT is a 1% tax on the ownership of vacant or underused housing located in Canada. While this tax generally applies to...