Underused Housing Tax (UHT): What You Need to Know as a Whistler Property Owner

The Underused Housing Tax (UHT) has sparked significant concerns among non-resident property owners in Whistler, Pemberton, and Squamish. Here's what you need to know:

• Who is impacted?

  • Non-residents are automatically classified as "affected owners," requiring them to file a return and pay 1% of the property’s assessed value unless an exemption applies.

  • Failing to file? Expect penalties of $5,000 or more.

• Unique Challenges in Whistler:

  • Overly punitive for resort communities dependent on tourism.

  • Exemption for only 28 days of personal use, compared to 6 months in other locations.

  • Confusion has led to increased sales by non-residents and challenges for tax service providers.

• Exemptions Available:

  • New Owners: If you acquired the property during the year and had not owned it in the prior nine years.

  • Death of an Owner: Legal representatives are exempt for the year of passing and the subsequent year.

• Occupancy Exemptions:
  To meet the qualifying occupancy test, the property must have tenants, be rented, or meet other criteria.

• Potential Changes:
  Tourism Whistler is lobbying to expand exemptions for properties zoned for tourism.

• Wondering if UHT affects you?
  Let’s connect to clarify your situation and explore the best strategy to protect your Whistler investment. If needed, I can refer you to a qualified accountant or tax professional to ensure you receive expert advice.

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*Disclosure: This content is for informational purposes only and should not be considered legal or tax advice. For specific guidance on UHT compliance, exemptions, or filing requirements, consult a qualified tax professional or legal advisor.