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?Our Readers Are Awesome
Sometimes a little clarification is in order.
Don’t Miss It: Professional T1 Tax Update January 20 - 23
Secure your spot at the Knowledge Bureau’s Comprehensive Day Long Tax Update!
DAC 2015 is Heading to Puerto Vallarta, Mexico
The Distinguished Advisor Conference™ (DAC) will be held November 8-11, 2015 in Puerto Vallarta.
Happy New Year: 2015 is Brimming with Generous Tax Preferences
Happy New Year and welcome to a brand new tax year.
Tax Changes for 2015
The new tax forms were available as of January 7 and CRA has recently posted a partial list of new tax and benefit changes and online services for the 2015 tax filing season, encouraging people to file online and use their online services.
CRA Not Entitled to Rectification Application
The Ontario Superior Court of Justice recently held that in certain circumstances the Canada Revenue Agency (CRA) is not entitled to notice of a rectification application as it pertains to a trust.
