Urgent Reminder: Extended Deadline for Underused Housing Tax Returns – Act Now to Avoid Penalties!
Friendly Reminder: Don't forget about the Underused Housing Tax deadline! Canada Revenue Agency (CRA) granted an extension of time to file UHT returns until April 30, 2024. If you haven't filed yet and are required to do so, it's essential to take action promptly.
Remember, there are significant penalties for failing to file your UHT return on time. Keep in mind these deadlines:
UHT Filing & Payments – April 30, 2024.
Here's a quick heads-up: If you're neither a Canadian citizen nor a permanent resident who owns a Canadian residential rental property on December 31 of a calendar year (beginning with the 2022 calendar year), you still need to file UHT. If you are unsure whether you need to file UHT, we strongly recommend you to consult with your accountant.
Make sure to mark your calendars and take advantage of this extension if needed. Let's work together to ensure compliance and avoid any unnecessary penalties. Your cooperation makes a difference!