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.Last Chance to Enrol in Advanced Tax Update Workshop
Learn all the details behind the lines on the 2015 T1 return. But hurry: registration ends Friday January 15. Designed for the busy tax and financial professional, Knowledge Bureau’s Advanced Tax Workshop is custom-designed to provide the most recent advanced updates from CRA and Finance Canada and to shake out the cobwebs in time for tax season. Ideal for training new and returning staff, too.
Become a Certified Tax Practitioner: Start Online Today to Earn Your Diploma
The time is now to earn a diploma as a Certified Personal Tax Practitioner. These professional credentials offer you the chance to have a current and well-rounded educational experience and get work in a career that’s in high demand.
TaxCycle: DAW Sponsor Bringing Financial Advisors Into the Future
Knowledge Bureau is pleased to announce that TaxCycle will join the January Personal Tax Update Workshop tour as a national sponsor. Founded in January 2010, Calgary-based Trilogy Software Inc. creates tax software for accountants and tax professionals.
Happy New Year
Knowledge Bureau wishes all our readers a happy, prosperous and healthy 2016. We look forward to interpreting and sharing the latest breaking, tax and financial news with you this year. As always, we look forward to your feedback and comments on our articles and poll question.
Average Exchange Rates for 2015 and Five-Year Trends
The Bank of Canada has announced the 2015 average exchange rates for several currencies against the Canadian dollar. While some might be curious about how many Fijian dollars or Panamanian balboas one might get in exchange for a Canadian dollar, the currencies we are most often concerned about are the US dollar (1.2787 for 2015) and the Euro (1.4182 for 2015).
German Tax Collection News
There is lots of news for Canadian taxpayers in receipt of German pensions. Ignoring these developments can result in unnecessarily high levels of taxation, or in punitive penalties for non-compliance, in both Germany and Canada.
