When to file the return and pay the tax

Penalties and interest waived until April 30, 2024

Residential property owners that are affected by the Underused Housing Tax (UHT) have until April 30, 2024, to file their returns and pay the tax for the 2022 calendar year without being charged penalties or interest. 

Penalties and interest exceptions 2022

The due date to file your return, make any elections, and pay amounts you owe is:

  • April 30 of the following calendar year

Penalties and interest exceptions for 2022

Penalties and interest will be waived if we receive your return and amount you owe by April 30, 2024.

Penalties and interest were previously waived until October 31, 2023, but this has been extended.

The deadline for making any elections for 2022 is also April 30, 2024. Elections can be made within your Underused Housing Tax return.

If you have elected to use the fair market value (FMV) for a residential property, for your calculation for 2022, the FMV must have been established between January 1, 2022, and April 30, 2023.

Penalties and interest for failing to file the return on time

There are significant penalties if we do not receive your return when it is due.

Minimum penalties for filing late
Type of affected owner Minimum penalty
Individual $5,000
Corporation $10,000

You will also have to pay interest if we do not receive amounts you owe (tax payable) when it is due.

For more detailed information, refer to:

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