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.

Family business is integral to Canada’s economy, according to a recent study by Family Enterprise Xchange*. As major contributors in the areas of employment, goods and services produced, growth and longevity, family enterprises are an important opportunity for industry professionals to educate themselves and strategize, as the biggest threats to the continuity of family enterprise are demographics, tax policy and a lack of trained advisors.

Blockchain technologies and tax rules related to cryptocurrency continue to evolve. What do tax and financial advisors need to know about how these changes impact assets and investments, today, tomorrow and in the years to come? The newest speaker added to the DAC 2019 lineup Hussein Hallak, CEO & Founder of Next Decentrum will provide a primer with his speech on Reshaping Your World: Blockchain, Cryptocurrency and Cybersecurity.

In today’s era of innovation and industry disruption, CPAs have become wise to the fact that their future careers will look a lot different than how they do today.

If you are a Canadian investor, business owner, or average taxpayer concerned about the overall affordability of living in Canada heading into the federal election on October 21, you will want to take a close look at the tax and economic proposals included in the major party’s campaigns. We’ve done a comparison and there are some eyebrow raisers!

Should you be buying a business asset before year end? There are some great tax incentives available if you’re in the market for new office furniture or a new car. The Accelerated Investment Incentive introduced last fall triples the capital cost allowance claims for assets purchased after November 20, 2018. That means your expenditures for all assets purchased in 2019 will qualify. Eco-friendly cars also qualify for an extra saving. Here are the details:

Last week, we covered *Divorce: Minimizing Set-Back Through Tax Efficiency. However, there is another piece to the financial puzzle that divorce introduces: division of assets. This article will explore the division of common assets upon divorce; a process legal, tax and financial advisors will want to be up-to-speed.