Fuel Excise Tax on Hold But Inflation is Not

The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out.  Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:

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Did you know that you can reduce the cost of your tuition fees by over 60% (depending on your province of residence, thanks to the refundable Canada Training Credit (CTC) and the non-refundable Tuition Fee Amount? This can substantially reduce your tuition fees payable, in particular here at Knowledge Bureau. Here’s how it works? 

Knowledge Bureau’s Spring 2026 Course Catalogue, Tuition Guides, New Distinguished Graduate Awards are here!  As we proudly unveil our new revamped website, the nine Knowledge Benefits we’ll share here today are designed just for you, your team, your time and your budget!  It’s our mission to help you make a great educational decision for the period April 1 to March 31, 2027!

A day after Quebec’s Finance Minister Eric Girard brought down a Budget featuring a $6.3 Billion deficit, Saskatchewan’s Finance Minister Jim Reiter tabled his government’s budget on March 19. Next up was Finance Minister Adrian Salas, who tabled the Manitoba Budget on March 24. The common thread: there’s lots of red ink on the Prairies. But that’s where the budget documents differ between Manitoba and Saskatchewan. Here’s the latest tax news and why it matters to the advice you give your clients.

Bill C-4 has been proclaimed into law, so what do your clients need to know? For starters, not much that they didn’t already know, although there are a few eyebrow raisers.  

So far in provincial budget season 2026, every provincial government which has tabled a budget has announced a significant deficit. Quebec Finance Minister Eric Girard brought down his government’s budget on March 18th and contained in that budget is a $6.3 billion deficit. For context, it is smaller than last year’s deficit and next year’s is forecast to be $4 billion. The Quebec government is committed to a balanced budget by 2029-30. The budget document itself says the government is "resolutely pursuing” a path to balance.