Underused Housing Tax ended from the 2025 calendar year
Federal (Canada) · Budget 2025 Implementation Act, No. 1 (Bill C-15), S.C. 2026, c. 3: amendments to the Underused Housing Tax Act
In force
Tax
What changes
All law updatesBill C-15 received Royal Assent on March 26, 2026. Owners no longer file a UHT return or pay UHT for 2025 and later calendar years. Obligations for 2022 to 2024, including penalties and interest, remain in place. The Act itself is repealed on January 1, 2035.
- Law or regulation
- Budget 2025 Implementation Act, No. 1 (Bill C-15), S.C. 2026, c. 3: amendments to the Underused Housing Tax Act
- Jurisdiction
- Federal (Canada)
- In force
- Jan 1, 2025
- Official source
- Canada Revenue Agency
Who it affects and how
Owners & developers
People and companies who own the property and commission the work, including homeowners renovating
No UHT return or tax for 2025 onward, but any unfiled 2022–2024 returns and penalties are still owed.
Contractors
General contractors, builders and construction business owners
Builders holding unsold or vacant inventory homes no longer face UHT filing for 2025 onward.
Not directly affected: homebuyers & customers, trades, workers, suppliers, designers.
Plain-language summary by ArtBuild, checked against the official source on Oct 29, 2026. General information, not legal advice; you are responsible for how you use it. The official text governs: read it, and we recommend asking a lawyer or the regulator about your situation.