Underused Housing Tax 2026: Who Must File and New Exemptions
The UHT annual return is due April 30 for most filers. New exemptions added in 2026 cover certain co-ownership arrangements and newly constructed properties — here's how to determine if you still need to file.
Principal Residence Exemption: When the Flip Tax Applies to You
The 12-month residential property flipping rule enacted in 2023 creates a deemed business income on any property sold within a year of purchase — overriding the principal residence exemption. Here's how to determine your exposure.
Residential Property Flipping Rule: What the 12-Month Rule Actually Means
Properties sold within 12 months of purchase are subject to the residential property flipping rule — gains are treated as business income, not capital gains, and the principal residence exemption does not apply. But several life-event exemptions exist.
Foreign Buyer Ban Takes Effect January 1: The Tax Implications
The Prohibition on the Purchase of Residential Property by Non-Canadians Act, which took effect January 1, 2023, bars most foreign nationals from purchasing residential property in Canada for two years. We cover the exemptions and tax treaty interactions.
First-Time Home Buyer Incentive: Shared Equity and the Repayment Rules
The First-Time Home Buyer Incentive provides 5% or 10% of the home's purchase price as a shared equity mortgage — the government takes a proportionate share of any appreciation at repayment. We explain the math and whether it makes sense.