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:
National Indirect Tax Leader, Achen Henderson Chartered Professional Accountants
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.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
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.
This was very interesting.
RT
GOOD
GB
New area for me.
NB
good content
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