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.

When a taxpayer's income falls into a clawback zone, a portion of a social benefit like OAS or EI must be repaid.

Knowledge Bureau is pleased to provide new opportunities for practitioners in the tax and financial services to embellish their skills this fall with new programming and special "early bird' tuition rates for online registrants. Enrol by Sept 15 for best pricing of the year.

What are the differences between various types of real estate investments that are available to investors?

The Corporate Tax & Year-End Planning Bootcamp will help you provide the expertise your small-to-medium sized business owner clients seek for family wealth planning. Enrol by September 30 to ensure best pricing.

A great resource for your family business owner clients, MASTER Your Investment in the Family Business offers growth-oriented strategies to maximize wealth creation over a longer term.

Enrol in our new Virtual Campus and take the certificate course Final Returns on Death of a Taxpayer to become qualified in doing final tax returns for your clients' families. Do so by August 27 and receive a $200 reduction in regular tuition fees.