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?   

In 2050, 2 billion people worldwide will be over age 60 – it’s the fastest growing age cohort in the world. Learn how the changing demographics will impact the future at our upcoming Distinguished Advisor Conference, November 10-13, 2013 in Ojai, California.

Help the young adults in your life become smart and savvy with their money and build a rich future. Smart, Savvy Young Consumer – Buy 3, Get 1 Free!  Use PromoCode: KBRSPECIAL.

BECOME CERTIFIED – Take "Final Returns on Death of a Taxpayer". Help your clients tackle the angst of estate planning and implement an effective estate plan. Learn the technical expertise in filing the final return of a deceased in order to ensure proper tax planning is arranged at time of death and for the ongoing planning activities of the survivors.

Secure, Electronic Audit Defence with DT File Cabinet: Don’t miss this interesting and informative session with David Caron & Sean Nazarian from Thomson Reuters at the Distinguished Advisor Workshops May 22-27 in a city near you.

Canadians are becoming more philanthropic – giving more every year to causes that are important to them. This calculator helps in determining the tax savings (and therefore the after-tax cost) of charitable donations.

Knowledge Bureau has released its marginal tax rate calculations for 2013 now that all federal and provincial budgets have been released.