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.Snowbirds: Tax Consequences When Substantial Presence Test Isn’t Met
Are snowbirds required to file a U.S. tax return? In this week's article, Dr. Dean Smith shares tax requirements for those who don’t meet the substantial presence test.
RSVP Now: January Advanced Tax Update
It’s time to shake out the cobwebs and get ready for tax season. If you are a tax or financial services professional you won’t want to miss this advanced personal tax update: join us in six cities January 17 – 25, 2019.
Don’t Skimp on This: The Cost of Bad Bookkeeping
Even in a DIY culture, there are benefits to hired help – especially when it comes to bookkeeping for small businesses. A recent U.K. study showed just how much it costs business owners who choose to go it alone without essential education and training in professional documentation techniques.
DAC in Puerto Vallarta 2019: Take Advantage of Instalment Plan!
Make a great decision to experience education differently in 2019 – and earn 15 CE Credits. Register early for next year’s Distinguished Advisor Conference (DAC) in Puerto Vallarta, Mexico. Access to an easy pay instalment plan ends November 30.
Fall Economic Statement: Tax Incentives for Corporations
Canada has been in a strong economic position since 2015, but dark clouds are on the horizon as global economic growth has peaked and deficits are expected to grow. This is what Finance Minister Morneau faces as he unveiled his November 21 Fall Economic Report.
Competitiveness Challenge: Are New Corporate Tax Changes Enough?
Canada’s competitive advantage in the global economy has been of concern since corporate tax reforms were introduced in the United States earlier this year, and especially after Finance Canada’s ill-fated attempt to reform the corporate tax system a year ago. Finance Minister Morneau delivered his response to the current challenges by proposing the acceleration of some Capital Cost Allowance measures in the November 21 Fall Economic Update.
