Immediate Expensing Rules: Good Tax Policy?

Over the course of the last two federal budgets (April 16, 2024 and November 4, 2025), the rules for claiming Capital Cost Allowance (CCA) have been uncertain. The proposal to extend immediate expensing rules for certain acquired assets were paused for over a year and then re-introduced in a series of four complex measures which together with new rules for Scientific Research and Experimental Development have become known as the “Productivity Super-Deduction”.  A backdrop appears below. The key question: will this complexity be effective as an economic stimulator?   

The changes to the CPP agreed upon this week by eight of Canada’s Finance Ministers (Quebec and Manitoba have not yet agreed), will help Canadians contemplate how much is enough for their retirement. To answer this question, it is important to first reflect on longevity statistics in Canada and, second, on the amount of money required for adequate income in retirement.

We love sharing feedback from our recent graduates. This week we feature the success of Mrs. Delores Moskal from Yorkton, Saskatchewan, who recently graduated from the Business Valuation for Advisors course.

Knowledge Bureau is pleased to announce that Craig Dowden, the top-rated speaker at DAC 2015, will speak at this year’s Distinguished Advisor Conference, Nov. 6-9 in San Diego. Early registration is now open until June 30. An outstanding agenda of 18 illustrious speakers has now been released.

The quest for highly qualified, professional bookkeepers with sharp tax knowledge and financial stewardship skills is an important one, yet they are hard to find.  Knowledge Bureau’s professional certification and designation programs fill that gap and add value to tax, bookkeeping and financial services offices.

"It is neither wealth nor splendor; but tranquility and occupation which give you happiness." Thomas Jefferson

Whenever possible, avoid adding a large lump sum to your taxable income in one tax year.  This can be especially problematic when a severance package or termination payment on retirement is received.