In Budget 2021, the federal government announced plans for an annual one percent tax on the value of the residential real estate that is: owned by any non-resident, non-Canadian, and, considered vacant or underused. What is the UHT? The UHT is intended to apply to underused housing in Canada owned directly or indirectly and wholly or partly by a non-resident, non-Canadians. UHT obligations apply for calendar years (beginning with 2022) to affected owners of residential

Unlike in other countries, Canadian tax rules do not allow spouses or common-laws to file joint income tax returns. Each Canadian files their own tax return and indicates their marital status on the return and who they are married to / living with. You do not get to decide whether to claim your marital status on your tax return. However, once you are married or common-law, you must include your spouse. To be considered common-law,

A new tax on luxury goods such as yachts, personal aircraft, and cars would take effect on January 1, 2022. The tax would be applied to cars and personal aircraft that retail over $100,000; boats for personal use retailed over $250,000. If the budget passes, the tax will come into effect on January 1, 2022. The tax is calculated at the lesser of: 20 percent of the value above threshold ($100,000 for cars and personal