News Room

Fuel Excise Tax on Hold But Inflation is Not

The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out.  Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:

Evelyn Jacks: Ostriches Aren’t Smart; Tax Penalties Are Expensive

Well it's that time of the year again. . .tax audit season. The ostrich approach is one way to cope, but not the smartest. 

Q and A: Setting Up Business in the U.S.

The U.S. has a number of different business structures available when conducting your affairs in the U.S., whether your business is rental property or operating a viable small business.

Employee Stock Options

An employer may provide its employees the opportunity to purchase shares in the employer’s corporation at some future date, but at a price that is the current market price when the option is granted (the exercise price).

Volunteer Firefighters Can Claim Non-Refundable Credit

Volunteer firefighters can claim an amount of $3,000.

The Smart, Savvy Young Consumer

A perfect graduation gift, The Smart, Savvy Young Consumer by award winning Consumer Reporter Pat Foran will provide smart tips on saving, investing, and preparing for the future.

Advise Affluent Families Seeking Tax-Efficient Investment Planning

Establish a strategic and tax-efficient investment income plan that will result in capital accumulations placed in the right hands within the family. Enrol in Tax Strategies for Financial Advisors and earn 30 FPSC-approved CE credits.
 
 
 
Knowledge Bureau Poll Question

Should the Old Age Security clawback start at a lower net income than the current $93,454?

  • Yes
    24 votes
    18.9%
  • No
    103 votes
    81.1%