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.

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?

Not for our poll respondents, apparently.

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