Canadian Federal Budget 2022 – Apr 7, 2022 Bill C-19, an Act to implement certain provisions of the budget tabled in Parliament on Apr 7, 2022 Bill C-8 implementing measures from the economic and fiscal update 2021 Draft legislation to deliver several commitments, including those in Budget 2022 – released Aug 9, 2022 2022 Fall Economic Statement – Nov 3, 2022 Bill C-32, the Fall Economic Statement Implementation Act

The mechanics of UHT including the background on the legislation: How UHT rules impact trustees, partners, and corporations How UHT rules impact multiple residential property owners How UHT rules will impact non-Canadians & Canadian PR & citizens UHT exemptions for affected owners How UHT tax is calculated for affected owners Filing and payment requirements of UHT Administrative matters (deadlines, penalties)

This course offers: i) Owner definitions ii) Residential vs. commercial property iii) Rental income distinction iv) Impact on citizens, residents v) Impact on non-residents vi) Exempt properties and exemptions vii) UHT tax computation viii) Administrative details ix) Form UHT-2900 completion