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.

Over the next few weeks I am going to feature some tax tips for you to consider with your clients. 

Wendy Pashulka from Airdrie, Alberta said she would definately recommend the T1 Professional Tax Preparation-Basic course.

With the introduction of online mail for both preparers and clients, sorting out who will get what when can be quite confusing.

Although submission of a TD1 form is not required each year, it’s always a good idea to ensure that your employer is not withholding more taxes than absolutely necessary – after all, it’s your money.

Federal Finance Minister Joe Oliver is seeking input on a number of key issues for the 2015 Economic Action Plan.

Knowledge Bureau gives a thumbs up to two folks who participated in the Toronto Distinguished Advisor Workshop.