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Late last month, the federal government announced it is delaying any fees or penalties until October 31, giving affected property owners an extra six months to file their first return under the new act. Although this is a welcome reprieve to give us more time to make sense of the legislation, it doesn’t address the greater long-term impact and burden it places on farm businesses.

Farmers are caught in the middle of governments trying to find housing solutions and the unique realities of farm businesses who

OFA and our partner organizations will continue to advocate strongly for a filing exemption for farmers, but while we do, we encourage all farmers to make sure they file their Underused Housing Tax return in order to avoid the substantial penalties, and to contact their accountants with any questions.

There are also resources available on the OFA website, including a webinar we hosted last month in partnership with BDO to give background and answer questions on the issue.