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.DAC 2017: It’s All About the Speakers
Over the next several weeks, we will be acquainting you with the phenomenal speakers who will be sharing their thought leadership at this year’s Distinguished Advisor Conference.
CE Summits: Go for Two or More and Save!
Did you know that you can save a bundle if you register for two or more of the upcoming CE Summits?
People in the News
Brian Dunn, CPA, CMA, from Calgary, AB, shares his thoughts about the T1 Professional Tax Preparation – Basic course:
Do Passive Investments in a CCPC Still Make Sense?
The federal government is on the hunt for new tax revenue from Canada’s small businesses, mainly because of an erosion of the personal tax base and a significant shift of taxable income to the corporate tax base instead.
July Poll Results: It’s (Almost) Unanimous!
In July, we asked you to vote on the following question: Does CRA do enough to ensure Canadians understand income tax and GST/HST implications of flipping personal residences? (For example, taxable dispositions require repayment of new housing rebates.)
Something New for Teachers: A School Supplies Tax Credit
We may be in the dog days of summer, but before you know it teachers will be planning for the fall of 2017, and in the process may be spending their own money to buy new school supplies.
