Penalties Archives - UMMAT TAX LAW

What is the Underused Housing Tax?

What is the Underused Housing Tax?

By Amit Ummat|2023-05-01T14:57:25+00:00May 1st, 2023|Penalties, Taxation|

Underused Housing Tax Demystified The Underused Housing Tax (“UHT”) is a federal tax of 1% of a residential property’s value, applied annually to certain owners of underused or vacant residential property in Canada. The tax [...]

Gross Negligence Penalties Primer

By Amit Ummat|2019-06-10T11:36:24+00:00June 10th, 2019|Penalties|

Gross Negligence Penalties CRA Must Prove Penalty Applies What many people under audit find is that, in addition to proposing adjustments to income tax payable, the CRA will also apply penalties. There are various penalties [...]