Recent Updates: Underused Housing Tax & Real Estate Transactions

EVENT DESCRIPTION

This is a comprehensive course on reporting requirements for the underused housing tax. It will also help participants in completing and submitting the forms accurately to the government. These new rules will impact non-residents and a few Canadians. These rules are effective January 1, 2022, and reportable on the 2022 tax return with a due date of April 30, 2023.

This course will also address anti-flipping rules and other recent changes impacting real estate transactions in Canada.

KEY TAKEAWAYS

After the completion of this course, the participants will be able to understand:

• What is the underused housing tax
• How to practically complete the underused housing tax return
• Who has to file the underused housing tax return
• How do these rules impact Airbnb owners
• How do these rules impact trustees and partners
• Reporting exemptions
• Recent changes impacting real estate transactions

WHO WILL BENEFIT

This course will benefit tax practitioners, Canadian & non-Canadian property owners, shareholders of real estate investment corporations, partners of real estate partnerships, and trustees of the Canadian trust.

PRICING

Status: Registration open until Apr 11, 2023

LOCATION

Online

SPEAKER(S) BIO

Haroon Khan is an experienced tax professional, having served over 14 years at the world’s leading accounting firms, including the Big 4, as Senior Tax Manager and Tax Partner.

Haroon obtained his Bachelor of Business Administration degree from the University of Toronto before qualifying as a CPA, CA in Canada and as a U.S. CPA in the State of Illinois. He has also completed all three parts of CPA Canada’s In-Depth Tax Program.