On September 23, 2024, the government tabled a Notice of Ways and Means Motion to introduce a bill entitled An Act to amend the Income Tax Act and the Income Tax Regulations. This Notice of Ways and Means Motion modified the motion tabled on June 10, 2024. For more information about the capital gains tax changes, please visit the Notice of Ways and Means Motion.

Please read this update regarding the Underused Housing Tax (UHT)

Effective January 1, 2022, the Canada Revenue Agency introduced the Underused Housing Tax (UHT). See what that means for you and what steps you may have to take.