Confirmed: The CCR for Small Business is Tax Free
Ottawa has confirmed that the CCR for Small Business received by eligible Canadian-controlled private corporations (CCPCs) will be tax free for the 2019-20 to 2023-24 fuel charge years, as will the final payment for the 2024-2025 fuel charge year. Draft legislation was released on June 30, 2025 with this announcement; and will be introduced for law making in Parliament this Fall. Some of the more significant details are discussed below.Students in the News: Donald Bieber
We love sharing feedback from our recent graduates. This week we feature the success of Donald Bieber from Sherwood Park, Alberta, who recently graduated from the Tax Planning for Corporate Owner/Managers course.
Know Your Client: Can We Improve on the Risk Profiling Process?
Are you providing an evidence-based and unbiased determination of your clients’ risk profile? Unsure? Be sure to register for DAC 2016 to hear Shawn Brayman speak about why this is critically important.
Summer Publishing Schedule
It’s time for a little summertime R & R, so here’s how our publishing schedule will shake out: There will be no issue of KBR on July 6, 27, August 3 or 31. Enjoy the sunshine, because . . . Christmas is less than six months away!
Life Purpose
"Find out who you are and be that person. That's what your soul was put on this Earth to be. Find that truth, live that truth and everything else will come." Ellen DeGeneres
Are Legal Fees Paid To Collect Severance Tax Deductible?
Did you incur legal fees in order to collect money owed to you for severance, pension benefits or a retiring allowance? You may claim those expenses as Other Deductions on the tax return. But there are a few catches.
CPP or TFSA? It’s an Issue of Retirement Security
This week, Canada’s finance ministers met in Vancouver and agreed in principle to the expansion of the Canada Pension Plan (CPP) over a seven-year phase-in period, starting January 1, 2019. Higher contributions by workers and their employers will result. But will the revamped CPP be enough to provide for the retirement security Canadians need?
