News Room

New Mega Deduction a Good Start, But More Tax Reforms Are Needed

The Federal government has unveiled a Productivity Mega Deduction, which will provide immediate expensing under Capital Cost Allowance (CCA) provisions for a broad range of depreciable property, importantly on a permanent basis, for acquisitions on or after September 15, 2026. Check out the noteworthy exclusions are listed below. This tax reform is a good start, but much more needs to be done, especially for small business owners and average taxpayers to make Canada truly competitive across our tax base.

Tax Free Deemed Dividends Under CRA Microscope

The Tax Court of Canada (Descarries Et Al. v. The Queen (2014) TCC 75) recently had occasion to consider an interesting tax planning scheme that ultimately fell foul of the General Anti-Avoidance Rule (GAAR).  

2015 Alberta Budget Increases Taxes for Most Taxpayers

The 2015 Alberta budget was presented on March 26, 2015. 

Tax Hikes in Alberta Affects Cottage Owners and Insurers

There are three certainties in life:  death, taxes and change.  That’s why taxpayers and their advisors must take note when provinces like Alberta raise their taxes for the first time since 1987. 

Quebec Budget Lowers Corporate Taxes

The Quebec provincial budget was presented on March 26, 2015. 

Difficult Client Conversations? Manage Your Body Language

Many people under estimate the power of body language and communication, especially when it comes to communicating with their clients. In this book except, Catherine Bell gives you some tips in communication management.
 
 
 
Knowledge Bureau Poll Question

In your view is a comprehensive personal and corporate tax reform necessary to make Canada's economy stronger in response to trade wars?

  • Yes
    53 votes
    98.15%
  • No
    1 votes
    1.85%