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.Close to 90% Call for Raise in Allowable Auto Claim Restrictions
It was almost unanimous: 89% of responders to January’s Knowledge Bureau Report poll question agreed—the $30,000 cap on claiming luxury vehicles has long required a raise to reflect more accurately the price of cars this century. Here are the significant comments that accompanied the vote:
Tax Tips: What Expenses Can Employees Claim on The Tax Return?
There are over 28 million tax filers and two-thirds of them pay income taxes, on average at a rate of 16% of total income. The vast majority of those taxes - 70% in fact - come from employees, whose earnings are subject to tax withholdings with every paycheque.
Business Survival: It Begins with Cash Flow Management
According to Industry Canada, as of December 2012, there were nearly 1.2 million small businesses in Canada (businesses with at least one employee on payroll). But many don’t make it—even though they were profitable at the time of closure. Tax and business services specialists can help these businesses survive.
DAC 2017: Addressing Financial Adversity And Diversity
After an eventful two weeks in global politics and economics, the theme for the 2017 Distinguished Advisor Conference (DAC) appears to be squarely on point: Financial Advice at the Crossroads of Change.
NEW: T2 Tax Preparation for Professional Practices
If your goal is to shore up your corporate tax preparation knowledge on preparing returns for professional corporations, you will want to enrol in this new online certificate course from Knowledge Bureau, which has a special focus on the needs of clients who are financial advisors and medical practitioners.
ADVANCED PERSONAL TAX UPDATE: Thanks to all our students and sponsors!
Knowledge Bureau’s Distinguished Advisor Workshop series for January 2017, focused on advanced personal tax update finished in Winnipeg, Manitoba on January 25th. The team at Knowledge Bureau would like to extend our gratitude to all our students who attended - your participation makes this a success.
