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.Evelyn Jacks: Invest in Careers that Count
It’s expensive to get an education, so investing in careers that “count” both financially and for your lifestyle in the future is important.
Tax Court: Graduate Student Can be an Employee Under the EI Act
The Tax Court of Canada (TCC) recently considered whether a graduate student performing research at the University of British Columbia was an employee for the purposes of subsection 5(1) of the Employment Insurance Act.
How Do I Find the Right Tax Advisor?
Finding a tax advisor to take your family into a tax-efficient future is important.
When Do You Have a “Deemed Disposition” for Tax Purposes?
Under certain circumstances, taxation rules state that a transfer of property has occurred, even without a purchase or sale.
Can GAAR and “Reportable Transactions” Co-exist in a Fair Tax System?
Finance Canada’s new law on Reportable Transactions (subsection 237.3) co-exists with the General Anti-Avoidance Rules (GAAR in S. 245) in an interesting way.
DAC 2013: Stig O. Nybo – Reawaken the Super-Saver: Advocating Towards More Secure Retirements
10,000 boomers are turning age 65 every day in America, but are they ready to retire financially? In this session, you will be challenged to consider how to best change behaviors to create “super savers”.
