The Canada Revenue Agency (CRA) has extended the effective deadline again for filing and payment for the 2022 Underused Housing Tax (UHT) returns. Owners of residential property in Canada now have until April 30, 2024 to meet their tax filing obligations under the UHT rules for the 2022 calendar year. As a reminder, certain Canadian private companies (including bare trustee corporations) and individuals, as well as non-resident, non-Canadian owners, are required to file an annual return for specific types of residential property they owned on December 31, 2022, and must also determine whether they are liable for a 1% annual UHT on that property.

The CRA has now announced that it will waive penalties and interest for any late-filed 2022 UHT returns and for any related late-paid UHT, provided the affected owner files any required returns and pays any related UHT by April 30, 2024. Previously, the CRA said it would only provide relief until October 31, 2023 for affected owners who would have otherwise been required to file these returns by April 30, 2023.