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.Half $Million Penalty Comes with Vast Implications for Tax Advisors
A recent decision of the Supreme Court of Canada was extremely costly for the appellant and has vast implications for tax preparers and tax advisors across Canada.
How to Be in the Top 10% of Income Earners: Go Back to School
The statistics are overwhelmingly in favor of the higher educated when it comes to making the top 10% of income in Canada.
Tax Break for Artistic Children
A federal tax credit is possible when children under the age of 16 participate in artistic, cultural, recreational or developmental activities. Even tutoring in academic subjects qualifies under this provision.
Investments in Limited Partnerships by Registered Charities
Tax changes in the 2015 Federal Budget may bring real value and a level playing field for investments under the stewardship of a charity, making it easier for the good work they do to have a more immediate impact on pressing social and economic needs in Canada.
Creative Planning To Bridge Generations: Tim Cestnick Speaks at DAC
FOR IMMEDIATE RELEASE – When capital moves from one generation to the next, there are both risks and opportunities.Tax and wealth management expert Tim Cestnick explores this in his session, Bridging Generations with Creative Planning.
Tune in to KBR next week for our Breaking News Issue…
On August 19, make sure you check out our Breaking News Issue of Knowledge Bureau Report.
