The delayed deadline for calendar year 2022 reports under Canada's 1 per cent Underused Housing Tax Act is fast approaching, having been deferred by the Canada Revenue Agency (CRA) last April to 31 October 2023. Significant penalties can be imposed for non-compliance by taxpayers with Canadian residential property holdings. No extensions of the normal April deadline have been offered for 2023, although the CRA recognises the 'unique challenges' for non-resident owners who will need to obtain Canadian business or tax identification numbers before filing.
News Source：【EY 2023/10/09】