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.Make Tax Efficient Spousal Loans
One interesting and potentially beneficial financial strategy to grow the family’s wealth is to draw up an interspousal loan. With interest rates coming down again the plan may have more appeal again. Here’s how to make it work to stay onside with CRA, and some of the benefits:
The Lucrative Disability Tax Credit
Did you know that the Disability Tax Credit is not only lucrative when it is claimed on the tax return, but it is required to enable fifteen other provisions on the return. There is so much money left on the table when this provision is missed. Here are the additional provisions, and why working with a DMA™ Personal Tax Services Specialist is so important. In fact, it’s not too late to get this credential yourself before the start of the tax season.
May Your Holidays Be Magical — And Your New Year Filled with Joy
As we approach the close of another meaningful year, all of us at Knowledge Bureau would like to extend our sincere thanks to our readers, contributors, faculty, and professional community. Your commitment to lifelong learning, technical excellence, and thoughtful leadership continues to inspire everything we do.
Time’s Up: CRA’s 100 Day Mandate for Improvement
After years of frustration on the part of tax professionals and taxpayers alike, the Finance Minister ordered the Canada Revenue Agency to clean up its act in 100 days. Specifically, the improvement plan was to run from September 2 through December 11. Finance Minister and Minister of National Revenue, Francoise-Phillippe Champagne instructed CRA to fix “unacceptable wait times and service delays.” Time’s up this week and CRA has released an update on progress. What gets measured, gets done. Let’s see what CRA’s metrics show.
Special Report on the 2025 Acuity Conference for Distinguished Advisors (DAC)
The Acuity Conference for Distinguished Advisors (DAC) 2025 was an outstanding success in a gorgeous location: Puerto Vallarta, Mexico! We are pleased to share a memorial Special Report and picture gallery with Knowledge Bureau Report Readers! Take a moment to share in the joy of education, collaboration and networking! Then mark your calendar for DAC in pristine and beautiful Victoria, B.C., November 22-24, 2026.
January 21, 2026: Advanced Line-by-Line T1 Update
The 2026 tax filing season brings substantive changes, heightened CRA expectations, and an increased need for precise, defensible T1 preparation. The CE Savvy Summit: January 21, 2026 Advanced Line-by-Line T1 Update provides experienced tax, accounting and wealth professionals and their teams with the technical depth required to navigate updated filing positions with confidence. Register by December 15 to receive your free hard-copy line-by-line Knowledge Journal, affectionately called the Tax Bible included in your tuition. Attend additional events or enrol additional people for tuition savings!
