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.The Inflation Tax: Why Should We Be Concerned?
Are prices going up in your area? The topic of inflation has arisen as a key concern during the current election campaign. This, after news that inflation had risen to 3.7% in July, its highest rate in a decade. Why do financial advisors need to be able to address this issue with investors? Older clients who are bondholders may be especially concerned. Here’s why, from Dr. Robert Ironside, who writes in the Knowledge Bureau’s Real Wealth Management Program.
Tax & Financial Milestones in September and October
September and October are busy months to meet year-end tax and financial planning goals. In October, there’s also the new expiration deadline for the planned end to the Canada Recovery Benefit, Canada Recovery Caregiving Benefit, and Canada Recovery Sickness Benefit. Here are the important educational, tax and financial milestones to mark on your calendar in September and October.
Income Drop in 2021? Adjust September Instalment
Do you need to make the quarterly tax instalment remittances on September 15? Or, will you be able to keep your money invested? It’s a question your clients may have, especially if their income dropped in 2020 tax filing year. Tax, bookkeeping and financial pros can provide an important service with an accurate income tax estimation for tax year 2021. Fortunately, Knowledge Bureau’s Income Tax Estimator can help, too. Here are the rules to observe:
Manage Risk for Small Business Owners
Join Knowledge Bureau President Evelyn Jacks, and guest speakers for a full professional training experience at the next Virtual CE Summit on September 23, 2021. You'll learn effective audit defence methods for managing the tax risk of your small business owner clients. Act by the September 15 enrolment deadline and save your seat to learn how to help small business owners before tax season starts!
Tuition Bonus: Train Your Staff, Simplify Your Efforts, Get Better Results
It’s back to Professional Development School for Knowledge Bureau Alumni, with a special incentive: a super enrolment bonus of $100 off your single course tuition, in addition to VIP Grad Bonuses. But you must register by September 15. Check out the newly updated courses and programs and take a free, guided “Orientation Tour” of the Knowledge Bureau Virtual Campus. Now is the right time to train your staff, simplify your efforts, and get better results with a world class tax, bookkeeping or financial education, only from Knowledge Bureau.
The Limitation Period: Providing Taxpayer Certainty for Tax Audit Risk
When can a taxpayer feel certain that their liability to tax will not change for a taxation year or period? It’s an important question to discuss with clients seeking reassurance on their future tax risk. In fact, limitation periods under the Income Tax Act and Excise Tax Act (HST/GST) provide a level of certainty for taxpayers regarding their liability to tax.
