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.

The Supreme Court of Canada (SCC) recently released its decision in Envision Credit Union v. Canada, a case concerning an amalgamation of two credit unions in British Columbia.

Interest income is common to most investors. It can often accrue on a compounding basis (that is, interest is reinvested rather than paid out to the investor during the term of the contract).

In honour of October being Small Business Month, let's uncover the inspiring benefits of running a home-based business.

With the arrival of Fall and year-end preparation about to begin, Knowledge Bureau offers a number of options to hone your skills, fill knowledge gaps, and satisfy your CE/CPD requirements.

Knowledge Bureau’s November live event line-up of Corporate Tax & Year-End Planning Bootcamp and our 10th annual Distinguished Advisor Conference are sure to provide valuable and intensive learning and networking experiences. We are pleased to introduce Larry Frostiak as a featured speaker at both events.

Learn how to prepare accurate T2 returns for 4 types of micro businesses at our November Corporate Tax & Year-End Planning Bootcamp. Register by October 15 for best fees.