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:Poll Results: No Sympathetic Ears for Non-Compliant Taxpayers
The verdict is out on non-compliant taxpayers: 87% of Knowledge Bureau readers gave a big thumbs down on putting themselves at risk by tolerating bad behaviors by taxpayers. Given the changes to the Voluntary Disclosures Program, starting March 1, 2018, so has the CRA.
Happy Valentine’s Day: Give Yourself Some Love with the Gift of Education
What is the future of human work when robos are coming on so strongly? Studies show that lifelong learning is essential for personal and professional development and in fact, that university students need to be ready to “re-skill” the moment they graduate. This from The Future of Jobs report, published by the World Economic Forum.
Small Business Owners Speak Up: Taking Control During Tax Reform Uncertainty
Small business owners are taking note: small business tax reforms are here to stay, the news is not good, and they are not happy about it. In fact, some are taking drastic actions, at the peril of Canada’s local economies.
How to Claim Your Sick Spouse or Child as a Dependant
The Canada Caregiver Credit, or CCC, is by far the most complicated provision on the 2017 tax return. In this last article of our series, we’ll give you some true-to-life examples of how to claim it for your loved ones who may be suffering an infirmity.
Budget 2018: Its Place in Canadian Tax History
What should we anticipate in this year’s federal budget? Evelyn Jacks weighs in on the anticipated changes – and who will be affected by them - with signals already clearly evident from recently released Finance Canada documents.
Aboriginal Peoples: Tax Filing Considerations
Canada has 1,673,785 aboriginal people, representing 4.9 percent of the population. According to our census, this population has grown 42.5 percent in the period 2006-16 and the average age of the aboriginal people, at 32.1 years, is close to a decade younger than the rest of Canada. There are unique tax filing concerns for these Canadians, requiring specialized knowledge.
