The federal Underused Housing Tax is gone for 2025 and later years, but that does not mean the earlier years vanished.
Is the Underused Housing Tax gone?
Budget 2025 eliminated the UHT from the 2025 calendar year, and the legislation received royal assent on March 26, 2026. No UHT is payable and no UHT return is required for 2025 or later years.
What still applies from 2022 to 2024?
All UHT requirements continue for the 2022, 2023 and 2024 calendar years. The 2024 return was due April 30, 2025. A late or missing return from those years can still lead to penalties, even if the CRA has not contacted you.
Who should double-check their filings?
- Anyone who owned Canadian residential property on December 31 of 2022, 2023 or 2024
- Corporations and trusts that were unsure whether they were excluded owners
- Owners who filed late, or are not sure a return was filed
What about BC and Vancouver property taxes?
The BC Speculation and Vacancy Tax and the City of Vancouver Empty Homes Tax are separate and still apply. See the guide to those two filings.
How HJ Wu & Company Inc. helps
The Vancouver CPA firm handles this work every day. See tax services or contact the firm to book a consultation.
Official sources
Reviewed October 30, 2026. This is general information, not legal or tax advice. Rules and rates change, so confirm current requirements with the official sources above and speak to a CPA about your situation.
Talk to HJ Wu & Company Inc.
Phone: 604-636-1862
Email: inquiry@hjwucpa.com
512 - 938 Howe Street, Vancouver
Related services
Frequently Asked Questions
Quick answers about HJ Wu & Company Inc. and how the firm can help. See all FAQs
Yes. If you own residential property in Vancouver or elsewhere in BC, HJ Wu & Company Inc. can help work out which filings apply: the City of Vancouver Empty Homes Tax (EHT) and the BC Speculation and Vacancy Tax (SVT) continue every year. The federal Underused Housing Tax (UHT) was repealed for 2025 and later years, but returns and penalties for 2022 to 2024 can still matter. Contact HJ Wu & Company Inc. before a deadline passes.
It starts with an initial consultation, then a needs assessment, and then HJ Wu & Company Inc. builds a plan around your goals. Cost depends on what you need, whether that's a one-time tax return or ongoing bookkeeping and payroll, so the firm quotes after learning about your situation. Call 604-636-1862 or email inquiry@hjwucpa.com to book your consultation.