00000nam 2200000zi 4500 9.930581 CaOODSP 20231121143258 m o d f cr mn||||||||| 231121e202311##onc ob f000 0 eng d CaOODSP eng rda CaOODSP n-cn--- XC75-1/1-441-11E-PDF Canada. Parliament. House of Commons. Standing Committee on International Trade, author, issuing body. The underused housing tax : potential impacts and proposed actions : report of the Standing Committee on International Trade / Hon. Judy A. Sgro, chair. [Ottawa] : House of Commons, Canada = Chambre des communes, Canada, November 2023. 1 online resource (vii, 25 pages). text txt rdacontent computer c rdamedia online resource cr rdacarrier Report of the Standing Committee on International Trade ; 11th report, 44th Parliament, 1st Session Issued also in French under title: Taxe sur les logements sous-utilisés : répercussions potentielles et mesures proposées : rapport du Comité permanent du commerce international. "44th Parliament, 1st Session." "Eleventh report." Includes bibliographical references. "Through the Underused Housing Tax Act, effective 1 January 2022, the federal Underused Housing Tax (UHT) is applied on the value of certain residential properties in Canada. Calculated at the rate of 1%, the UHT is applied on the greater of: the assigned value of the property for property tax purposes; or the property’s most recent sale price. The UHT is payable on 1 April of each calendar year, and failure to make the payment when it is due leads to penalties and interest charges. Canadian residential property owners must complete a UHT-related tax return if they own the property as part of a partnership or as a trustee of certain kinds of trusts. As well, a Canadian corporation that owns a residential property must submit a tax return if the corporation does not have listed shares on a domestic stock exchange"--Introduction, page 3. Housing Taxation Law and legislation Canada. Housing Economic aspects Canada. Sgro, Judy, 1944- Taxe sur les logements sous-utilisés : (CaOODSP)9.930586 Report of the Standing Committee on International Trade ; 11th report, 44th Parliament, 1st Session. (CaOODSP)9.507001 PDF 2.06 MB https://publications.gc.ca/collections/collection_2023/parl/xc75-1/XC75-1-1-441-11-eng.pdf HTML N/A https://www.ourcommons.ca/DocumentViewer/en/44-1/CIIT/report-11/