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.Canada’s Wage Support Claims are Ending
Retroactive claims for three important pandemic wage supports will end in October and November, for Periods 27 and 28. The programs were first introduced on October 24, 2021 with an end date of May 7, 2022; however retroactive claims were still allowed. Specifics appear below:
Business owners who have not yet made claims for the CRGP – Canada Recovery Hiring Program, the CRGP – Canada Recovery Hiring Program and the HHBRP – Hardest-Hit Business Recovery Program will be out of luck after November 6.
Reduce or Eliminate OAS Clawbacks
Old Age Security clawbacks, technically known as the Old Age Security Recovery Tax, are applied when your tax return is filed, and your net income is over the clawback threshold ($81,761 for 2022). Then, the following July, the government assumes your income will remain the same for the following tax year and starts collecting the clawback by reducing your OAS payments each month.
DAC Acuity 2022: Wealth Management – Strategic Philanthropy
FIRESIDE CHAT: DOING GOOD
You’ve likely heard about social financing: the collaborative investment of public, private and philanthropic funds to re-image our economic structure to build a “Social Infrastructure Network”. At it’s core – doing good is the big idea.
GAAR Changes: Will You Meet September 30 Consultation Deadline?
An important discussion is taking place in Canada and tax professionals will not want to miss their chance to weigh in by the September 30 consultation deadline. Specifically, the federal government wishes to “modernize” the GAAR – General Anti Avoidance Rules - after a series of 24 losses in court. Here are the issues:
Three New Government Benefit Programs Start in 2022
The Federal government announced three new refundable benefit programs on September 13, which will put extra money in the pockets of individuals and families.
Deadline: Sept 25 – End of Temporary EI Benefits
During the pandemic, the federal government put temporary changes to the Employment Insurance (EI) program in place. These special programs will end on September 25, 2022. Employers will want to refresh their memories both on the pandemic response rules, and now, the return to normal for the purposes of informing management and/or payroll departments who may receive questions from departing employees:
