Who does not have to pay Underused Housing Tax (UHT)?

Exemptions include:
- Canadian corporations with less than 10% foreign ownership
- Canadian partnerships where each member is exempted
- Canadian trusts where each beneficiary is exempted
- New owners who acquired the property during the year and were not owners in the prior 9 years
- Personal representatives of deceased individuals where the deceased was not an owner in the year or subsequent year
- Co-owners where another co-owner held at least 25% of the property at the time of death (exemption applies for the year of death and the subsequent year)