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 Canada Child Benefit: Some Surprising Results
The changes the Liberal government has introduced for families has some surprising results, now that we’ve had some time to do some number crunching.
Seniors and Investors – Watch Clawback Zones Carefully
It’s reasonably common knowledge that higher wealth accumulators in Canada will want to do some extra planning to avoid the 33% high federal income tax rate applicable to the terminal return of the last surviving spouse.
Tax Tips: What Tax Deductions Can Employees Claim?
Employers are generally required to pay for the premises, assets and supplies used up by their employees in performing their duties, but in some cases the employee will pay for those costs and be able to claim a tax deduction for them.
New Notice of Assessment Easier to Read
The Canada Revenue Agency has produced a new Notice of Assessment that is easier to read, a long overdue initiative on the financial literacy front. It will now contain assessments of multiple tax years on one form, which Tax Services Specialists will want to review carefully to ensure the best tax efficiencies are applied over the period, and to preserve appeal rights.
Should Capital Gains Be Taxed At All?
Rather than tinkering with capital gains inclusion rates or changing which assets qualify for capital gains treatment, should governments reconsider taxing capital gains? Some studies suggest that capital gains are fictitious and any taxes thereon result in an economic burden. Do you agree?
Six Tax Concepts for Newcomers To Canada
Tax filing time is confusing for most Canadians, but for newcomers it can be completely bewildering. If you have the opportunity to help with this most important financial document of the year for many families, including new immigrants, consider broaching the following six concepts as a conversation-starter in your role as financial educator.
