Do non-resident Canadian citizens pay Underused Housing Tax (UHT) on their Whistler property? Well, regardless of where you live in the world and how long you’ve lived there for UHT purposes you’ll be recognized as a Canadian citizen, rather than a non-resident. Therefore, you are exempt from the UHT penalty.
However, in order to qualify for the status you need to have your personal name on the title. You cannot be a Canadian citizen who owns the property in a company name, and expect the same relief.
UHT is a complex topic, and although I’m ankle-deep in the knowledge, your best bet is always to talk with an accountant who specializes in non-residents owning property in Whistler. It’s buyer beware in BC, and you can’t blame the seller if you didn’t understand the implications of owning real estate in Whistler as a non-resident.
Next Steps
If you think I would be a good fit to work with you and your family, and you are not already working with a Whistler realtor, please contact me. My name is Marion Anderson, and I help people buy real estate in Whistler.
Marion
Marion Anderson Personal Real Estate Corporation
Sutton Group-West Coast Realty, Whistler
marion@marionanderson.com (604) 938-3885