What is Form UHT-2900?
The Underused Housing Tax Return and Election Form (UHT-2900) is a key document from the Canada Revenue Agency (CRA) for residential property owners. If you owned a residential property on December 31 of a calendar year, you may need to complete this form. It helps the CRA assess whether your property is subject to the Underused Housing Tax (UHT), which is a 1% annual tax on homes that are vacant or underused. Filing this form is essential for complying with tax laws and claiming any possible exemptions.
What is Form UHT-2900 used for?
Form UHT-2900 is important for managing your housing tax responsibilities. Here’s what it’s used for:
- Reporting taxable value of non-resident, non-Canadian-owned underused residential real estate.
- Calculating tax owed on underused properties.
- Providing personal and property information.
- Claiming exemptions or deductions.
- Avoiding penalties and interest charges for non-compliance or false information.
How to fill out Form UHT-2900?
- 1
Enter your legal name and Social Insurance Number (SIN) or Individual Tax Number (ITN) in Part 1.
- 2
Fill in the details about your residential property in Part 2.
- 3
If you own multiple properties, list them in Part 3.
- 4
Declare if this property is your primary residence in Part 4.
- 5
In Part 5, indicate if the property is occupied by a family member or tenant.
- 6
Note any other exemptions in Part 6.
- 7
If applicable, make an FMV election in Part 7.
Who is required to fill out Form UHT-2900?
Individuals, trusts, and corporations holding legal title to residential properties in Canada must complete the Underused Housing Tax Return and Election Form (UHT-2900). This applies to all property owners as of December 31 of the calendar year.
Canadian citizens and permanent residents use the UHT-2900 to report their properties, while non-residents and other taxpayers, including corporations, are also required to fill it out with their tax identification numbers.
When is Form UHT-2900 not required?
Form UHT-2900 is not required for private Canadian corporations, trusts, and partnerships exempt from the Underused Housing Tax. These entities must still file the return to claim their exemption. Additionally, individuals or entities without ownership of vacant or underused housing do not need to file this form.
When is Form UHT-2900 due?
The deadline for Form UHT-2900 is April 30 of the following calendar year. If this date falls on a Saturday, Sunday, or public holiday, the form is considered on time if received or postmarked by the next business day. Make sure to mark your calendar to avoid any late submissions!
How to get a blank Form UHT-2900?
To get a blank Form UHT-2900, simply visit our website. The form is pre-loaded in our editor, allowing you to fill it out easily. Remember, PDF Guru aids in filling and downloading but does not assist with filing forms.
How to sign Form UHT-2900 online?
To sign the Underused Housing Tax Return and Election Form (UHT-2900), you can use a handwritten signature, a block signature, or an electronic signature, all of which are acceptable by the CRA. After completing the form in PDF Guru, you can create an electronic signature for forms that accept it, then download your finished document. Remember to check for any updates regarding the form before filing, as PDF Guru does not support submission.
Where to file Form UHT-2900?
You can submit the Underused Housing Tax Return online, by mail, or by fax. For online filing, obtain a digital access code from the CRA.
If you choose to mail your form, send it to either the Winnipeg or Sudbury Tax Services Office based on your location. Corporations must register for a UHT program account with the CRA first.
