The Definition of an Excluded Owner Under The Underused Housing Tax Rules Has Been Expanded

Excluded owners do not have to file a UHT return. 

The definition of excluded owners has been expanded and now includes Canadian citizens or permanent residents, specified Canadian Trusts, specified Canadian partnerships, specified Canadian corporations as well as other entities.  A specified Canadian corporation is a corporation whose foreign owners (corporations incorporated or continued outside the laws of Canada or a province and individuals that are not Canadian citizens nor permanent residents) do not own or control, directly or indirectly, 10% or more of the corporation (by share value or voting rights).