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The Underused Housing Tax Act ("UHTA") levies an annual tax on individuals who are neither permanent residents of Canada nor Canadian citizens at a rate of 1% on the value...

On January 1, 2022, a tax on underused housing in Canada came into effect. This tax on vacant or underused housing in Canada is the result of the Underused Housing Tax Act...

The Underused Housing Tax Act (the "Act"), which came into effect on January 1, 2022, implements an annual 1% tax on the value of vacant or underused residential property in Canada...

On March 23, 2020, the Government of Alberta announced new measures for private sector employers to help them cope with the financial effects of the COVID-19 crisis. They include:

The well-known principal residence exemption rules permit a taxpayer to shelter the sale of property that is an individual's residence.

The provincial government's new 15 per cent tax on foreign purchasers of residential property is the talk of the town in Metro Vancouver.

The CRA is focussed on recovering lost revenue in the real estate market.

From our annual Tax Tips guide, here are the tips and suggestions related to changes to the Principal Residence Exemption in 2016.

A discussion on the recent decision of the Canada Revenue Agency, which has confirmed that a merger of two foreign corporations may result in Canadian tax implications.

In 2021, the City of Toronto introduced an annual tax to be levied on vacant Toronto residential property, payable beginning in 2023. A Vacant Home Tax of one per cent (1%)...

Ratepayers of municipalities may be struggling financially due to the adverse effects of COVID-19 on the economy.

The Ministry of Finance has issued a proposal to amend Ontario Regulation 282/98, which provide rules governing the property tax treatment of energy generation facilities.

Faced with the increasingly certain prospect of widespread infrastructure failure related to climate change San Francisco is proposing an interesting new measure—a $12 a year property tax upon property owners.

On April 20, 2023, the Canadian government introduced Bill C-47, the Budget Implementation Act, 2023, No. 1, which includes the long awaited proposed amendments to the criminal interest rate.

The Alberta Court of Appeal recently upheld an unreported decision of the Court of Queen's Bench that unpaid taxes on linear property formed only unsecured claims against the debtors.

A proposed class action has been filed after the BC government introduced amendments to the Property Transfer Tax Act to impose an additional 15% tax on the purchase of residential properties by foreign entities...

For instance, the buyer is obligated by the Income Tax Act to make reasonable inquiries regarding the residency of the vendor.