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?   

CFP professionals registered with FPSC can now earn 30 CE hours towards their certification with our Tax Strategies for Financial Advisors course.

As a new FPSC-approved program, here is an excerpt from Tax Strategies for Financial Advisors.

A gift (either in cash or in kind) from your employer is an employment benefit. However, non-cash gifts and non-cash awards to an employee for the year with a total aggregate value less than $500 is non-taxable. The total value in excess of $500 annually will be taxable.

Close to 150 professional tax and financial advisors from across Canada are now certified to prepare files to defend their clients in the case of audit as a result of successfully completing the Audit Defence Distinguished Advisor Workshop recently held in Winnipeg, Calgary, Vancouver, and Toronto.

10,000 boomers are turning age 65 every day in America, but are they ready to retire financially?

Canada is growing! We are now  35,056,064 strong, but there is a digital divide between young and old!