Jane Helmstadter

Feb 6, 2024 | jdsupra.com | Alixe Cameron |Jane Helmstadter |Mark Lewis

The Government of Canada has announced a two-year extension to an existing ban on foreign ownership of Canadian housing. The Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act) was set to expire at the end of 2024, it will now be extended to January 1, 2027. The government announced the extension on February 4, 2024. The Deputy Prime Minister and Minister of Finance said the step was taken to address housing affordability concerns in Canada.

Apr 21, 2023 | bennettjones.com | Michael C. Smith |Michaël Smith |Ian Michael |Tyler McAuley |Jane Helmstadter |Leonard Griffiths | +4 more

Subscribe Stay informed on the latest business and legal insights and events.

Mar 29, 2023 | jdsupra.com | Alixe Cameron |Jane Helmstadter |Mark Lewis

[co-author: Kyle Laplante - Articling Student]Note: This blog has been updated as of March 27, 2023, following the registration of theRegulations Amending the Prohibition on the Purchase of Residential Property by Non-Canadians Regulations (the Amending Regulation). On December 2, 2022, the Privy Council passed an Order in Council confirming regulations related to the Prohibition on the Purchase of Residential Property by Non-Canadians Act (the Act).

Mar 24, 2023 | jdsupra.com | Alixe Cameron |Sandra Geddes |Jane Helmstadter

What Is the Underused Housing Tax and Why does It Matter? The federal government's Underused Housing Tax Act1 (the Act) and the associated Underused Housing Tax Regulations2 (the Regulations) both took effect on January 1, 2022. With the first filing and remittance deadline fast approaching, it is important for all residential property owners to consider whether the Act applies to them and what they need to do if it does.