myCPE

Understanding Underused Housing Tax (“UHT”) – It’s Not Just for Canadians! 1 Credit

Oct 01, 2024, 01:30 PM ET

Understanding Underused Housing Tax (“UHT”) – It’s Not Just for Canadians! 1 Credit

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Live Webinar
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  • Attend the live interactive session
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Oct 01, 2024, 01:30 PM ET

Learning Objective

  • To discuss the fundamental principles and purpose of the Underused Housing Tax (UHT).
  • To identify the filing requirements applicable to affected owners of residential properties in Canada.
  • To explain potential exemptions available to mitigate the 1% tax on the value of Canadian residential properties.
  • To analyze various property valuation methods used in determining UHT obligations.
  • To discuss and recognize the diverse impact of UHT on different types of entities, including Canadian citizens, permanent residents, and non-Canadian entities such as corporations, partnerships, and trusts.

Course Overview

Ever wondered about the mysterious world of Underused Housing Tax (UHT) and how it might affect property owners, not just in Canada but around the globe? Join us in this CPD webinar where David Crawford will unravel the essential aspects of UHT, shedding light on its influence on both Canadian citizens and permanent residents, as well as legal entities like corporations, trusts, and partnerships. Get ready for a deep dive into topics like "affected owners," yearly filing requirements, potential exemptions, property valuation methods, and the nuances involved in filing UHT returns for different types of entities.

Throughout this online webinar, you'll discover the fundamental principles of UHT and how they extend beyond Canadian borders, impacting not only citizens and permanent residents but also non-Canadian entities such as US citizens, residents, corporations, partnerships, and trusts. David will guide you through the maze of annual UHT return filings, detailing the obligations and timelines applicable to "affected owners" with residential properties in Canada. Explore the avenues for potential exemptions, offering insights into avoiding the 1% tax on the value of your Canadian residential properties.

By the end of this CPD Course, you'll have a solid understanding of how UHT operates and its diverse impact on individuals and entities. You'll gain practical insights into filing obligations, exemptions, and other critical aspects of UHT. The learner will also understand at a high level, other various similar taxes and “enforcement” systems in play throughout various parts of Canada, including Canada’s extension on a ban to purchase residential property by many non-residents of Canada until 2026.

Key Highlights:

  • Underused Housing Tax (UHT) Overview
  • Filing Requirements for Affected Owners
  • Potential Exemptions from UHT
  • Property Valuation Methods
  • Impact of UHT on Different Types of Entities

On Demand Credits for All Qualifications

Live Webinar Credits for All Qualifications

License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for CPA in Canada 1 CPD Eligible
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible
License details Credits Status
Taxes for Certified Public Accountants (CPA-US) 1 CPE Approved
Taxes for CPA in Canada 1 CPD Eligible
Association of Chartered Certified Accountants (ACCA) 1 CPD Eligible
Chartered Accountant - ICAEW 1 CPD Eligible
Chartered Accountants - Ireland (CAI) 1 CPD Eligible
Chartered Accountants - Scotland 1 CPD Eligible
CPA - Ireland 1 CPD Eligible

Additional Information

Credit

1

Course Level

Basic

Instructional Method

QAS Self Study

Group Internet Based

Pre-requisites

None

Advance Preparation

None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.

About Instructor

David Crawford

David Crawford

National Indirect Tax Leader, Achen Henderson Chartered Professional Accountants

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David is a former partner of the large international firm environment, who has broken from the pack to work with servicing clients of the small to medium sized accounting and law firms across the country. David has worked in the practice area for over 25 years and runs his practice from his Calgary office. 

David has worked in both public practice (Big 4/7) and government and has been instrumental in devising unique indirect tax solutions and identifying savings opportunities for clients, while also managing their indirect tax compliance risks, including many years of indirect tax controversy and audit support.

Located in Calgary, David focuses on the real estate and energy sectors and assists clients in managing their compliance with sales, excise, carbon and fuels taxes. David has also worked with a diverse set of clients across numerous industries from NPO’s and charities through to large multi‐national energy companies. He has the indirect tax knowledge and experience to help solve clients important indirect tax problems. David works closely and proactively with his clients to manage their indirect tax advisory, planning, audit support and controversy.

On Demand FAQs

What is Self Study (QAS)?

Self Study QAS (Quality Assurance Service) is a NASBA and other regulatory bodies approved program designed for Professionals to complete their Continuing Professional Education credits through self-paced, interactive courses that meet the highest standards of quality and compliance. We are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn CPE credits through self-study?

To earn CPE credits, you must complete the self-study course, pass the required assessments, and submit the necessary documentation. Credits are awarded based on the completion of course hours and successfully passing the assessments.

Are the self-study courses approved by NASBA and other regulatory bodies?

Yes, all our self-study courses are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the rigorous standards for quality and educational content set by these organizations.

What are the requirements to maintain compliance with self-study courses?

To maintain compliance, you must follow the guidelines set by NASBA and other regulatory bodies, which include completing the course within the specified timeframe, passing the assessments, and keeping accurate records of your learning activities.

How can I access my course completion certificates?

After successfully completing a self-study course and passing the assessments, you can access and download your course completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

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Live Webinar FAQs

What is a Live Webinar Group Internet-Based Credit?

A Live Webinar Group Internet-Based Credit is an interactive, real-time online seminar where professionals can earn Continuing Education credits by participating in live sessions led by experts in various fields. These sessions meet the standards set by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies.

How do I earn credits through live webinars?

To earn credits, you must attend the entire live webinar, actively participate in any polls or questions, and complete any required evaluations or assessments. Credits are awarded based on your attendance and participation in the live session.

Are the live webinars approved by NASBA and other regulatory bodies?

Yes, all our live webinars are approved by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies, ensuring they meet the high standards for quality, interactivity, and educational content set by these organizations.

What are the requirements to maintain compliance with live webinar courses?

To maintain compliance, you must adhere to the guidelines set by NASBA and other regulatory bodies, which include attending the full duration of the webinar, participating in interactive elements, and completing any post-webinar evaluations or assessments.

How can I access my webinar completion certificates?

After successfully attending a live webinar and fulfilling all participation requirements, you can access and download your completion certificates from your account dashboard on our platform. These certificates are recognized by NASBA, IRS, CFP Board, HRCI, SHRM, Payroll Org, FP Canada, and 25+ other regulatory bodies for compliance and reporting purposes.

How are credits reported to governing bodies?

We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.

Reviews and Ratings

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Lea Wilkening

Lea Wilkening, CPA (US)

5

This was very interesting.

JO

Jorge Orozco, Auditor

5

Thanks!

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