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Underused Housing Tax (UHT) Unwrapped: Latest Requirements 1 Credit

Underused Housing Tax (UHT) Unwrapped: Latest Requirements 1 Credit

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Oct 30, 03:30 PM ET

Learning Objective

  • Review the scope and application of the UHT Act in Canada.
  • Identify exemptions and filing obligations for affected and excluded owners.
  • Discuss calculating UHT liabilities based on property values and ownership structures.
  • Analyze compliance challenges and penalties under the UHT regime effectively.

Course Overview

The Underused Housing Tax (UHT) Act, introduced by Bill C-8 and effective January 1, 2022, mandates a 1% tax on the value of residential properties in Canada deemed vacant or underused by non-Canadian owners. Throughout this course, we'll explore the intricacies of UHT rules, exemptions, and filing obligations, ensuring you understand how this tax impacts various stakeholders.

The UHT applies to every residential property owner in Canada, excluding those identified as excluded owners, such as Canadian citizens, permanent residents, publicly traded Canadian corporations, and certain government bodies. If you're an affected owner, including foreign individuals, corporations, or Canadian entities not publicly traded, you must file a UHT return annually, even if exemptions from paying the tax apply. This course will clarify who qualifies as an owner under UHT definitions, covering individuals, corporations, trustees of trusts, and partnership partners.

Key topics covered:

  • A review of the UHT rules
  • Partnerships
  • Trusts
  • CRA Questions and Answers

Join us as we discuss scenarios exempt from UHT, such as properties used as primary residences, those undergoing renovation, or those held by new owners who have not owned residential property in the previous nine years. 

At MY-CPE, we provide top-tier CPA CPD courses tailored for CPA Canada professionals. Earn your CPD credits in Canada with our flexible and convenient online courses. Our expert-led CPA Canada CPD courses ensure you stay compliant and enhance your professional skills. Whether you need specific CPA CPD credits or comprehensive professional development, MY-CPE has you covered. Join us today to access high-quality education designed to meet your CPD requirements efficiently.

  • 1 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1 CPD Credit of Taxes for CPA in Canada
  • 1 CE Credit of Tax Planning for Certified Financial Planner - Canada (Approval No. 16104)

    Valid upto : Aug 25, 2026

  • 1 CE Credit of Tax Planning for Qualified Associate Financial Planner (QAFP) (Approval No. 16104)

    Valid upto : Aug 25, 2026

  • 1.5 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 1.5 CPD Credit of Taxes for CPA in Canada

Additional Information

Credits

1

Course Level

Basic

Instructional Method

QAS Self Study
Group Internet Based

Pre-requisites

None

Advance Preparation

None

About Instructor

AJAG
AJAG Professional Development

, AJAG Professional Development

  • 4.6
  • rating
  • rating
  • rating
  • rating
  • rating

AJAG offers a comprehensive selection of professional development courses in Tax, Accounting, Assurance, Ethics and more - all designed to keep CPAs informed and up to date. We strive to deliver the highest quality, most relevant and accessible continuing education content for CPAs in Canada. Our instructors are some of the most well-respected presenters in their field and present their own course material - covering a wide range of relevant, timely topics.

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.

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.

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.

Ratings and Review

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TN

Todd Nelson, CPA in Canada

Good seminar, although I think it's now out of date (I may not have paid attention to the original broadcast date, will have to check). In any event, will be looking to register for the next UHT seminar I thought I saw for later in 2024.

Inclusions
  • Multiple Credits
    Multiple Credits

    Earn continuing education credits with flexibility. Choose from live webinars, on-demand courses, e-books, or podcasts to fit your learning style and schedule.

  • Certifications & Reporting
    Certifications & Reporting

    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 - fastest in the industry.

  • Credit Tracker
    Credit Tracker

    Track and manage your compliance across all 50 states and over 100 designations. Our Credit Tracker keeps your CPE credits and compliance requirements always up-to-date.

  • Certificate Vault
    Certificate Vault

    Certificate Vault to upload, manage, and access certificates earned from various sources and an integrated credit tracker, allowing users to monitor and manage their credits conveniently for compliance.

  • Compliance Reminders
    Compliance Reminders

    Stay current with our automated reminder system. Receive timely alerts for your CPE requirements, ensuring you never miss a deadline.

  • Mobile App Access
    Mobile App Access

    The myCPE Mobile App allows you to learn on the go, providing access to educational content on Android and Apple iOS devices. You can learn anytime and anywhere, making it convenient for busy schedules.

  • Live Support
    Live Support

    Our support team is available via live chat, email, and phone from 9 AM to 5 PM ET. We're here to help with any questions or issues, ensuring you have a seamless experience.

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