Underused Housing Tax Act

Published: January 31, 2022


Pursuant to Bill C-8, the Underused Housing Tax Act would implement a 1 percent tax on the value of dwellings owned by non-resident, non-Canadians that are considered to be vacant or underused.

Several exemptions apply. Notably, properties that are the primary place of residence for the owner, owners’ common-law partner or owners’ children. In addition, vacation/recreational properties are also excluded.

The new measure will take effect on January 1, 2022.