Mayor Olivia Chow says raising the tax from 1% to 3% will encourage the transformation of vacant homes into rental units
Canadians making above $300,000 to contribute 98% of total AMT
Lobby group pointed to U.S. downgrade as a warning
The agency will also be releasing a consolidated T4 slip for FHSA account holders
Proposals from the 2023 budget are out for consultation until Sept. 8
The industry is still waiting for certain forms needed to administer the new plans
The issue of what happens when an FHSA holder dies may need to be dealt with sooner rather than later, for example
UHT an “insulting” attack on Americans with second homes in Canada: Niagara politician
Housing is one of the provincial government’s three priorities
If your client is an affected owner, they must file a UHT return by Oct. 31 to avoid penalties