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?   

The Canada Revenue Agency (CRA) may be stymied by the billions in unreported income flourishing in the underground economy, yet over 3000 full time staff members will soon be cut, according to information obtained by Postmedia News under access to information legislation.

In a recent decision of the Tax Court of Canada (TCC), the honourable Justice Hogan had to decide if a promise to purchase land, as well as the related deposit, constituted a single supply or multiple supplies for GST/HST purposes within the meaning of the Excise Tax Act (the ETA).

Happy New Year!  If you want to get a “jump start” on your financial fitness this year, get busy and use the current cold snap to sort tax receipts and speed up your tax refund.

Kathy Lloyd earned her MFA-Succession and Estate Planning designation with Knowledge Bureau in 2012 with honours. We are pleased to have Kathy as one of our distinguished grads.

Self-employed persons are ineligible for regular EI benefits due to lay-offs or business slow-downs. But they can now elect to receive EI benefits for the following benefits...

I am thinking of selling a website I have built. Would that be categorized as a capital gain or business income?