Dates and location
Pricing
Hours
Dates and location
Pricing
Hours
Description
This comprehensive course covers the reporting requirements for the Underused Housing Tax (UHT). As these rules have become a permanent part of the tax landscape, it is essential to determine whether you or your clients are affected. The deadline to file UHT returns is April 30 each year, aligning with the general individual tax deadline. While many Canadian citizens and permanent residents were impacted during the 2022 reporting period, the rules have been relaxed for 2023 and beyond. However, compliance remains mandatory for certain Canadian owners and all non-Canadian owners. This course will guide participants in accurately completing and submitting UHT forms to the government. Non-compliance can result in significant penalties, starting at C$1,000 per taxpayer, per property. The course is regularly updated to ensure participants stay informed about any changes to the regulations.
Schedule
- December 3, 2024, 1:00 p.m. - 5:00 p.m.
- December 5, 2024, 1:00 p.m. - 5:00 p.m.
Key Takeaways
After the completion of this course, the participants will be able to understand:
- What is the underused housing tax.
- How to practically complete the underused housing tax return.
- Who has to file the underused housing tax return.
- How do these rules impact Airbnb owners.
- How do these rules impact trustees and partners.
- Reporting exemptions.
- Recent changes impacting real estate transactions.
Who Will Benefit
This course will benefit tax practitioners, Canadian & non-Canadian property owners, shareholders of real estate investment corporations, partners of real estate partnerships, and trustees of the Canadian trust.
How to Access the Course
This course is a live webinar. You must attend the live course to receive verifiable CPD hours. We recommend you join five minutes prior to the scheduled starting time. To get the full experience of this interactive course, use a computer that has video and microphone capabilities.
Electronic material can be accessed one week prior to the course and should be downloaded in advance.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Haroon Khan is an experienced tax professional, having served over 14 years at the world’s leading accounting firms, including the Big 4, as Senior Tax Manager and Tax Partner. Haroon obtained his Bachelor of Business Administration degree from the University of Toronto before qualifying as a CPA, CA in Canada and as a U.S. CPA in the State of Illinois. He has also completed all three parts of CPA Canada’s In-Depth Tax Program.
Testimonials
An excellent course to introduce this new tax. Lots of great questions asked by participants, which the presenter did a really good job in answering.
The CPA Ontario PD courses are very informative and excellently presented.