Immediate Expensing Rules: Good Tax Policy?
Over the course of the last two federal budgets (April 16, 2024 and November 4, 2025), the rules for claiming Capital Cost Allowance (CCA) have been uncertain. The proposal to extend immediate expensing rules for certain acquired assets were paused for over a year and then re-introduced in a series of four complex measures which together with new rules for Scientific Research and Experimental Development have become known as the “Productivity Super-Deduction”. A backdrop appears below. The key question: will this complexity be effective as an economic stimulator?HOT OFF THE PRESS! Canada’s Most Up-to-Date Personal Income Tax Course
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Last Chance: Join the Society of RWM™ at the Meeting of the Minds Today at NOON!
The Knowledge Bureau Network presents the Meeting of the Minds: 360 Degree Triger Tour: Ideal for advisors seeking more connection, collaboration and networking from coast-to-coast. Register now – the event takes place TODAY at NOON CST!
New CE Savvy™- PD Collection: Asset Management
Knowledge Bureau is excited to introduce its latest CE Savvy ™ Collection of Micro Courses. Check out our collection entitled Asset Management, which provides you a new opportunity to earn 5 CE Credits with Knowledge Bureau and several 3rd party accreditors such as FPCanada, IAFE, ICM, AIC and MFDA.
March 28 Federal Budget: Will It Erode Wealth or Build It?
Will the March 28, 2023 Federal Budget further erode accumulated wealth with new taxes, alongside the continued inflationary and interest rate pressures which have already had a significant impact on businesses and investors? The answer is likely yes. What to watch for appears below.
UHT: Are Spouses Who Own Rental Properties with Partners Affected?
According to the legislation for Canada’s new Unused Housing Tax (UHT), if you are an excluded owner of a residential property in Canada, you have no obligations or liabilities under the Underused Housing Tax Act. But are spouses who own residential rental properties together excluded owners? The legislation is fuzzy, to say the least and that’s a problem for professional tax preparers.
Retirement Planning: Should I Defer the OAS?
We know that taxpayers who turned 65 in 2022 will have some new tax filing nuances when preparing the 2022 tax return this spring. They may qualify for the Age Amount, for example, and, unless they chose to defer their OAS, they’ll be reporting that income for the first time. But will they be subject to a clawback? There’s lots to talk about this tax season. Here’s an overview of potential conversation starters:
