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The Underused Housing Tax is an annual 1% tax on the ownership of vacant or underused housing in Canada that took effect on January 1, 2022. The tax usually applies to non-resident, non-Canadian owners. In some situations, however, it also applies to Canadian owners.

This is a summary of some of the most important information about the Underused Housing Tax. More information and details about the tax will be available over the coming weeks.

The Government of Canada, through Western Economic Diversification Canada, is providing loans of up to $40,000 for eligible women-run businesses to help businesses cope with financial hardship and recovery from economic disruption resulting from COVID-19.