Final Payments Finally: Canada Carbon Rebate for Small Business

A portion of fuel charge proceeds from the price on pollution was promised to eligible small and medium-sized businesses via the Canada Carbon Rebate for Small Businesses (CCRSB).  Now, the final payments for the 2024-2025 year will be coming before the end of 2025, in designated provinces. That announcement was made on November 14. Here’s what to expect:

Chenine Humphrey, owner of Paper Trail Bookkeeping and Business Centre, is on the move! In the process of moving her existing bookkeeping practice to a commercial location where she will be launching an innovative new service to help bookkeepers.

There is still time to register for the Fall Distinguished Advisor Workshop (DAW) October 29 in Calgary and November 2 in Toronto. Be the first in your professional community to interpret the changes anticipated under the new Liberal government and reference the 2016 indexation in true-to-life scenarios.

The new Liberal government outlined several significant tax changes in their election platform. If they make good on those election promises in tax year 2016 and beyond, millions of Canadians will be affected financially; some will be winners and some will be losers.

The family’s tax returns are a great place to look for year-end planning opportunities that will create new money for that Christmas vacation or will help to pay off those credit cards come January. But the time to focus on this process is before the snow flies.

Must-Hear Post-Election Insights from a Premier Globe and Mail Commentator

Year end tax planning will need to be rethought in light of the dramatic change of government in Canada.  The most significant questions surround the implications for both winners and losers.