News Room

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.

New Growing Demographic Requires Business Policy Changes

The 2021 Census has pointed to a growing new demographic advisors must take note of or risk losing a client base that can have significant lifetime value.  How well you embrace the transgender or non-binary demographic can make a big difference but it requires unique practice management changes.  Here’s what you need to know:

DAC – Dinner With KB President Evelyn Jacks & Master Italian Cookery

Join us for an exclusive night out with Knowledge Bureau President Evelyn Jacks and Chef Massimo Capra on October 15th in beautiful Niagara Falls.  This dinner is limited to 20 guests, so confirm your attendance at DAC and your reservation as soon as possible.  Here are the details of the delicious extravaganza; plus, check out the outstanding agenda too!

CE Summits September 21: What Matters is What You Keep

What matters is what you keep.  There is no doubt your clients are  interested in knowing how to inflation-proof and recession-proof their wealth and navigate successfully through emerging risks from the CRA.  To accomplish the former, advisors must have broader knowledge in tax on upcoming tax changes and how astute investment planning in a very new economic environment can help clients maximize after-tax income and reduce capital erosion.  But there are other risks, too, and these topical issues will be the subject of a deep dive for pros at the September 21 CE Summits.

RWM Meeting of the Minds: Practice Management Tools

There are six key reasons, you will want to mark your calendar to attend the next Meeting of the Minds Event, presented by the Society of Real Wealth Managers™ on August 17, 11:00 – 12:00 PM CST. It’s a complimentary event, and it could be one of the most informative hours of your summer.  Consider:

With Mortgage Rates Rising, Revisit Financial Plans

With the Bank of Canada recently announcing another 100 bps increase in the overnight rate to 2.5%, clients are asking more and more about how this will affect their mortgages, the impact to their cash flow, and ultimately the impact to their overall financial plans.  

Permanent Increase in OAS Takes Effect in July

Seniors over the age of 74 will have been delighted by the raise they received in their Old Age Security Benefits in July of 2022. The specifics of the new permanent increase, its effect on the clawback of OAS and other new details follow:
 
 
 
Knowledge Bureau Poll Question

Do you agree with the government’s plan to introduce the new Canada Groceries Essentials Benefit (CGEB)?

  • Yes
    24 votes
    32.88%
  • No
    49 votes
    67.12%