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.Tax Tips: Should You Take Your CPP Early or Late?
Should you start your Canada Pension Plan early or late? The tax consequences may help you decide. First, know that CPP pension benefits are taxable.
A Terse Exchange: Independent Review of Budget Figures
The Finance Department has offered a terse but prompt response to a request with a very short deadline from the Parliamentary Budget Officer (PBO) for additional information to justify figures in the March 22, 2016, federal budget.
May 2 Tax Deadline: Four Big Reasons to File On Time
April 30 falls on a Saturday this year, so midnight May 2 is the deadline for filing the T1 General Tax and Benefits Return.
Seven Tips for Separating Assets on Relationship Breakdown
Couples feuding? If it ends in separation or divorce, there are tax strategies you can use that are critical in minimizing the financial damage that can occur in these cases. Here are seven tips for separating in a tax-efficient way.
Soar Higher: Rewire Your Thinking and Your “Value Hub”
The financial services industry has never been under more pressure to improve on its professionalism. At the same time, more services are being disrupted by new technologies and providers.
Start-Ups: Seven Tips To Audit-Proof Your Tax Return
When did your business go from being a sideline or hobby to a viable going concern? It’s important to be able to pinpoint the date if you want to stay out of CRA’s cross-hairs.
