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.Six Ways to Profit from Family Tax Cuts After Tax Season
June 15 is the date of the next quarterly instalment payment for 2015.
Better Late than Never Doesn’t Cut It with CRA: File on Time to Avoid Severe Penalties
The Canada Revenue Agency (CRA) has always been serious about penalizing tax evasion, and they are sharpening their focus on investigating anyone who facilitates or encourages non-compliance.
Safest Banks: Is Canada in the Top 10?
We generally believe, living in Canada, that we have the safest banking system in the world. Certainly we’re in the top 10, right?
Top Three Tax Tips for New Entrepreneurs
When starting a small business, whether as a proprietorship or a corporation, entrepreneurs can fall into a number of tax traps.
Rising Debt Levels: Bad News (and Good News) About Family Debt in Canada
A flurry of recent media activity has raised the red flag on how deep in the red most Canadians are, reporting that more people are carrying higher levels of debt than at any other time in history.
Did You Know…
An outcry from Hollywood means Ontario will delay tax credit cuts.
