The UHT May Be Cancelled, But Vacancy Taxes Remain
As tax professionals, you are keenly aware of the constant changes our federal government makes to the Income Tax Act. Adjustments are made, and you must adapt. Not often, though, is a tax eliminated altogether. But in the case of the Underused Housing Tax (UHT), that is exactly what has happened – it was cancelled in the federal budget of November 4, 2025, but Canada’s underused housing taxes have not been eliminated. Here’s what you need to know for tax season 2026.CRA Changes Reflect New Economy in Financial Literacy Month
Knowledge is power. That phrase reflects not only one of the messages in CRA’s financial literacy tips, but also the reality behind one of the recently announced changes to its national processing operations. The changes reflect a reality for many “old economy” workplaces: the new digital economy is changing workforces and the way end users prefer to transact with a hybrid of digital and human services.
Expand Services: Learn T3 Tax Preparation Now
Income earned by the estate during a tax year must be reported as a T3 return. Now, professionals can learn how to do so with confidence and competence, with Knowledge Bureau’s newest certificate course, T3 Basic Tax Preparation.
Personal Tax Bootcamp: Register for Advanced Personal Tax Update Now
Mark your calendar for Knowledge Bureau’s annual, comprehensive personal tax update, being delivered in our Distinguished Advisor Workshop (DAW) series, January 17-25, 2017. The DAW winter session will take place in six cities, including new events in Edmonton and Ottawa. This day-long certificate workshop will “shake out the cobwebs” for new and returning tax practitioners in tax, bookkeeping, accounting and financial services offices.
Spellbinding Gratitude: Leonard Cohen, RIP
Take a moment to witness the inhaling of the fragrance of wood, the passionate dimensions of gratitude and the history of finding one’s voice . . . in Leonard Cohen’s own words. So much to learn from a grand poet: https://youtu.be/VIR5ps8usuo. R.I.P., Leonard.
Life Purpose
"Life's like a movie, write your own ending. Keep believing, keep pretending." Jim Henson
Eight Short Snappers: Quick Year-End Tax Planning Tips
There is still plenty of time to look for year-end planning strategies to reduce taxes in 2016 and start 2017 out on a tax-efficient foot. Tax and financial advisors who make time for a planning discussion with families at this time of year may wish to use this checklist of money savers:
