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.Enhance Your Knowledge & Technical Skills: CE Summits – Advisory Diploma
Especially for tax planners and financial advisors: we are transitioning to a new economy with a new government. Gain critical insights into tax efficient retirement and estate planning to help your clients mitigate risk. Mark your calendar to attend Canada’s most current virtual continuing educational summit from Knowledge Bureau on May 21. Learn about the new Liberal government’s proposals for 2025 and beyond and earn a new credential, too: Knowledge Bureau’s new CE Summits – Advisory Diploma, Register now to May 15 and save up to 50%.
Tax Tip: The More Obscure Medical Expenses
Are you claiming all the medical expenses you or your clients might be entitled to?
Job Loss? Ways to Tap into Financial Help
Last time we discussed ways to save money on a severance package using an RRSP and other important tax planning options. In the final instalment of this series, we’ll discuss other accounts to tap to meet cash flow needs, the tax consequences of challenging the amount of severance and a little-known tax trap when it comes to EI (Employment Insurance).
Military and Police Members Eligible for Tax Relief
If you have clients who are members of the Canadian Armed Forces (CAF), they may be eligible for a special tax credit. Here's what you need to know:
Introducing a New Way to Earn CE Credits: Master the News!
Introducing the Knowledge Bureau News Network – a new financial education environment everyone can engage in and in the case of professional tax and financial advisors, to start earning CE/CPD Credits, too. Check out the three networks to choose from. There are absolutely no pre-requisites; just a desire to master the news and what it means to the decisions you need to make about your finances, your business and your influential role in your community. Here’s how it works:
Missed Today’s RWM & Virtual Campus Orientation?
Missed Today’s RWM™ & Virtual Campus Orientation? The Recording is Now Available! Continue the conversation. Revisit the insights. Take the next step in your professional journey.
