8 Key Questions Answered about the Underused Housing Tax with George Dube

George Dube goes over 8 key questions real estate investors across Canada are probably asking themselves.
The questions in this video include:
• What is the Underused Housing Tax (UHT)?
• Who does the UHT apply to? This is a really key question for investors - it boils down to “does this tax apply to me”? The answer isn’t as easy as it may first appear.
• What types of properties does the UHT apply to? George covers the key types of properties that the UHT covers - but do we have all the answers yet?
• How is the tax calculated and when is it due?
• What is an “excluded owner” for the purpose of the tax? This one is particularly important for investors, as you may have many different types of ownership with your investments.
• Are there exemptions to the Underused Housing Tax that real estate investors must know? The short answer is yes, but some of the exemptions need very careful attention otherwise these will catch people unaware.
• Are there penalties for not filing the Underused Housing Tax? This may seem like a silly question, but the penalties can be serious.
• How will the UHT impact real estate investment decisions going forward?
There will be many changes investors will make - many of which are uncertain until we see the full impact.
George Dube is not your average tax accountant or real estate investor. His high-profile sense of style is perfectly paired with a love of “jumping up on stage” to give presentations, which is just part of what’s made him so sought-after through all his years in the business. George has a unique set of skills and qualifications he’s learned and earned over a lifetime of experience as a Chartered Professional Accountant. Investors seek him out to co-found real estate projects; others look to participate in deals George helps put together. But what’s his specialty?
The answer lies in his mission statement: To help people build and protect their real estate portfolio and businesses so they can do wonderful things for their families and their causes.
Carson Law Office
905-336-8940 | [e-mail] | www.carsonlaw.ca
George Dube
www.georgeedube.com | @georgeedube

[@yeonginlee7491]

Did not set up family trust but have the declaration of trust with my daughter and she is beneficiary owner. Should I fil UHT?