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In this episode, I break down Canada's Federal Underused Housing Tax — what it is, who it affects, and why it matters. I explore the difference between affected and excluded owners, what qualifies as "residential property," and the key exemptions that could apply.
Plus, I discuss the penalties for non-compliance and what to expect during an audit. Whether you're a property owner, investor, or simply curious about how this tax works, this episode gives you the clarity you need.
By Bolloite OfforIn this episode, I break down Canada's Federal Underused Housing Tax — what it is, who it affects, and why it matters. I explore the difference between affected and excluded owners, what qualifies as "residential property," and the key exemptions that could apply.
Plus, I discuss the penalties for non-compliance and what to expect during an audit. Whether you're a property owner, investor, or simply curious about how this tax works, this episode gives you the clarity you need.