Tax Flash

Tax
Flash

Statement proposes changes to UHT requirements and announces personal tax measures

The federal government’s 2023 Fall Economic Statement (FES) provides details on proposed changes to the Underused Housing Tax (UHT), introduces changes to tax credits for clean energy initiatives and presents measures related to personal income tax. Adjustments to the UHT propose the elimination of filing requirements for some owners and exemptions for certain employee accommodations. The FES also includes details for financing additional housing and provides planned updates on international tax reform.


Baker Tilly Ottawa LLP 400-301 Moodie Drive Ottawa, Ontario K2H 9C4 [email protected] \| bakertilly.ca	Baker Tilly Canada periodically publishes Tax Flash for its clients and associates. It is designed to highlight and summarize the continually changing tax and business scene across Canada. While Tax Flash may suggest general planning ideas, we recommend professional advice always be sought before taking specific planning steps.

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