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?Ethics and Leadership: When Social Mores Change
Watching the antics of various leaders in the news these days, it’s clear the challenges of leadership are always on display. Leadership, ultimately is about followers, and ethical leadership is enduring. Exactly how do great leaders develop their leadership styles, and do the right things in periods of great change and much distraction?
Frenzied Taxpayers; Calm & Professional Responses
It’s not too late: a few spots are left for the January Advanced Tax Update. This CE Summit is Canada’s best and most comprehensive personal tax update seminar and it comes with significant resources to make tax season easier for you.
Informed Advice: Compelling Reasons to Consult on Business Growth and Transition
Canada has one of the largest projected demographic decreases in the OECD countries. As the oldest members of the baby boom generation are now reaching retirement age, Canada has passed a “demographic tipping point,” according to Finance Canada’s December 22, 2017, Update of Long-Term Fiscal Projections. This social sea change brings about a hot new trend in business consulting: accounting for business growth and transition.
New Essential Tax Facts: Canada Caregiver Credit
Did you know that starting in the 2017 tax year, the federal government has introduced a new Canada Caregiver Credit (CCC)? It replaces the Family Caregiver Tax Credit, the Caregiver Tax Credit, and the Credit for Infirm Dependants. But, it’s complicated! Here, in our first tax tip of the new 2018 tax filing season, we offer you a few details:
Poll Results: Advisors Must Put More Emphasis on Discussing Charitable Giving
In December, we asked Knowledge Bureau Report readers, “In your opinion, are tax and financial professionals taking the time to help clients understand the benefits of charitable giving?” In a surprising result, only 17 percent thought their peer group was spending enough time counselling their clients how to make donations in a tax-efficient way.
Third-Party Penalties: Risks for Tax and Financial Advisors
Should professional tax preparers and financial planners work with clients who are not tax compliant? If you are helping them to become compliant, then by all means work with them to set the record straight. But the answer is likely no, if it means that these professionals will open themselves up to the possibility of civil penalties. Here is a run-down of the rules every professional should know:
