Lunch + Learn: New Federal Underused Housing Tax скачать в хорошем качестве

Lunch + Learn: New Federal Underused Housing Tax

The federal government has instituted an Underused Housing Tax (“UHT”) aimed at foreign investors leaving housing unoccupied. While this tax is not aimed at long-term care (LTC) homes, some corporations may need to file in order to meet the requirements of reporting. Facilitated by Orla O’Malley, Senior Associate at Borden Ladner Gervais LLP’s commercial real estate group, and Scott Gorski, Senior Associate at Borden Ladner Gervais LLP’s tax and private client group, this webinar covers the basics of the Federal Underused Housing Tax and how it may apply to LTC, assisted living and independent living operators within Canada. Learning outcomes include: UHT has a much broader application that the government’s stated target, being “foreign” owners (many wholly owned Canadian entities will be required to file a return) A better understanding of whether UHT requires these owner/operators to complete a filing on behalf of the properties depending on certain factors: Registered charity or just society? More than 3 “Dwelling units”? If required to file, examination of criteria for non “foreign” owned.