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.

Wendy Pashulka from Airdrie, Alberta said she would definately recommend the T1 Professional Tax Preparation-Basic course.

With the introduction of online mail for both preparers and clients, sorting out who will get what when can be quite confusing.

Although submission of a TD1 form is not required each year, it’s always a good idea to ensure that your employer is not withholding more taxes than absolutely necessary – after all, it’s your money.

Federal Finance Minister Joe Oliver is seeking input on a number of key issues for the 2015 Economic Action Plan.

Knowledge Bureau gives a thumbs up to two folks who participated in the Toronto Distinguished Advisor Workshop. 

File an audit-proof return on time