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Real Estate features • 7 December 2025

Big Change in Canada’s Federal Budget 🇨🇦 (Good News for U.S. Property Owners)

by Barbara Scarlett

Just a quick update from this week’s Federal Budget here in Canada:

The government has officially removed the 1% Underused Housing Tax starting in 2025 and onward. This tax previously applied to many non-resident owners — including Americans with property in Canada.

If you or someone you know owns a home here, this is helpful news and removes a yearly cost and filing requirement going forward. (Note: 2022–2024 filings still remain.)

If you’d like a simple breakdown or have questions about cross-border ownership, feel free to reach out anytime.

Have a great Sunday!

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