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.
It’s report card time for kids, but it’s also a good time for parents and teachers to reflect on the level of financial literacy among students, and bringing more effective financial education to next year’s curriculum, which begins just a couple of months from now.
Hundreds of leaders in the tax and financial services took part in a significant educational event last week: transition planning featuring the new federal budget provisions including the Graduate Trust Estate rules.
James Bell, Director of Tax Solutions Canada (a member of the Farber Financial Group), is the perfect person to reveal tips, traps, and pitfalls of working with the Canada Revenue Agency.
Executors who face the problem of how to pay the taxes on the estate where the capital is tied up in capital assets have a way to solve the problem – if they can find it.
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?