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?Defend Clients’ Retirement Savings Against Tax Erosion
Accurately prepare retirement plans that achieve the necessary results with the Advanced Tax-Efficient Retirement Income Planning course. This course marries tax and financial planning competencies and is the perfect complement to the Retirement and Estate Planning Bootcamp, September 17-22.
Four Provinces Sign On: Cooperative Capital Markets Regulatory System
The Finance Minister of Canada, Joe Oliver and the finance ministers of British Columbia, Ontario, Saskatchewan, and New Brunswick have signed a Memorandum of Agreement on September 8 to jointly establish the terms and conditions of a Cooperative Capital Markets Regulatory System, and released draft provincial and federal legislation to harmonize current legislation.
Advisors and Succession: Where’s the Plan?
Many advisors have spent a good part of their lives building their business and have the bulk of their personal net worth tied up in it, making their practice their most valuable investment asset — the one they are counting on to help fund their lifestyle in retirement.
Fourth Quarter Prescribed Interest Rates Set
Although CRA will not make the official announcement until later this month, the prescribed annual interest rates for the fourth quarter will remain at the same rates as the prior three quarters.
Directors Escape Personal Liabilities
Subsection 227.1 of the Income Tax Act and subsection 323 of the Excise Tax Act provide that the directors of a corporation will be personally liable for their corporation’s failure to remit employee withholdings and GST.
Evelyn Jacks: When Are You In The Business Of Buying and Selling Land?
Lots of people like to dabble in real estate when markets are hot. But there could be an unintended tax issue which could significantly erode wealth.
