News Room

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:

Life Purpose

“Money is the sixth sense that makes it possible to enjoy the other five.” - Richard Ney

2016 Federal Budget Overview

Investors Breathe A Small Sigh Of Relief, but Losers Include Mutual Fund Holders, Small Businesses, Charities and Certain Families. 

2016 Budget Overview: Personal Tax Measures

Tax provisions that affect personal taxation for 2016 and beyond.

2016 Budget Overview: Business Tax Measures

New 2016 federal budget includes business tax measures addressing tax changes for business income.

2016 Budget Overview: Additional Tax Measures

Review additional tax measures announced by the Government in the 2016 Federal Budget.

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.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    22 votes
    19.82%
  • No
    89 votes
    80.18%