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?A Perfect Graduation Gift
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April 30 Less Than a Week Away
While tax practitioners keep their heads down to finish filing your tax returns, do-it-yourselfers who are procrastinators need to get on it!
Voluntary Disclosure Procedures Change
The Canada Revenue Agency (CRA) recently released an updated information circular (IC00-1R3) pertaining to the Voluntary Disclosure Program (VDP), which promotes tax compliance by encouraging taxpayers to come forward and correct prior errors and omissions.
Canada’s Role in International Aid Support
The April 19 edition of the Globe and Mail featured a guest column from the Honourable Jim Flaherty, Minister of Finance, who spoke of modernizing a foreign aid program called the General Preferential Tariff. Created in 1974, this program was a commitment from many developed Western countries to assist the economies of the poorest “Third World” countries. A lot has changed since the 1970’s, and our government feels justified in modifying the approach of the Tariff.
