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The Underused Housing Tax Act: 2024-2025 Edition

A Comprehensive Up-to-Date Walkthrough of What You Need to Know for UHT

Created bySteven Pitucci
BeginnerUpdated Dec 1, 2024

What You'll Learn

  • check_circleIdentify individuals and entities subject to the UHT Act.
  • check_circleMaster the process of completing UHT returns and assessing tax liabilities.
  • check_circleRecognize penalties for non-compliance and explore potential remedies.
  • check_circleStay informed about recent CRA updates and clarifications.
  • check_circleMitigate risks by addressing unresolved compliance challenges.

About This Course

In this comprehensive course, Steven Pitucci, a practicing CPA from Toronto, Canada, provides an in-depth walkthrough of the Underused Housing Tax Act, including updates brought forth to the Act and the Regulations in 2024. The goal of this course is to allow students to not only understand the essentials of what they need to know about UHT and how to properly file the tax return, but also prepare them for handling the “grey areas” that exist in this law.

Topics discussed in this course include: 

  • The history of the UHT Act and its underlying objectives
  • Who is subject to UHT (and who isn’t)
  • How to complete Form UHT-2900, assess and remit the tax
  • Non-compliance penalties and potential remedies
  • Notable clarifications from the CRA on the UHT
  • The “grey areas” and pitfalls of the UHT (and how to navigate through them!)

Course Content

8 activities • 7 videos • duration: 1h 32m

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Introduction1 videos • 8 min
  • videocamIntroduction
    Duration 8:08
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Part 1: The History of the UHT Act1 videos • 9 min
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Part 2: Who is Subject to UHT (and Who Isn't)1 videos • 25 min
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Part 3: How to Complete Form UHT-2900 and Remit the Tax1 videos • 20 min
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Part 4: Non-Compliance Penalties and Potential Remedies1 videos • 6 min
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Part 5: Notable Clarifications from the CRA on the UHT1 videos • 13 min
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Part 6: The Remaining "Grey Areas" and Pitfalls of the UHT1 videos • 9 min
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Final Assessment1 quiz

Your Instructor

Steven Pitucci

Accounting and Tax Educator, CPA, CA

menu_book16 courses
star3,775 reviews

As a Chartered Professional Accountant, I am currently navigating the complex world of forensic accounting & advisory in a Canadian insolvency firm. I am a former partner of public accounting firm serving Canadian individuals and privately-held businesses. I am also educating other accountants with all things accounting and tax. I have a passion for taking complex issues and teaching them to others in a manner that is understandable.

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5 out of 5
Student's Choice
115 reviews
  • YW
    Ye W.
    starstarstarstarstar

    good course

  • CP
    Chris P.
    starstarstarstarstar

    Good speaker. Good content.

  • RA
    Rick A.
    starstarstarstarstar

    It's a very technical course but moves relatively well.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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