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?   

Unincorporated small businesses have unique tax preparation and planning requirements. Provide superior service to a broad range of proprietorship clients including sole proprietors, partnerships, farmers, fishermen, and professionals. Learn how to complete income statements, capital cost allowance schedules, auto and home workspace schedules, and other unique calculations specific to the profile using the most recent tax laws and budget proposals.

Easily project investment income into the future. Use this calculator to input detailed figures of all the different types of investment income your client may have in the future, based on their current savings pattern. This planner will quickly determine the tax impact on investment income and help you reconfigure solutions when alternative saving strategies are required.

The March 21, 2013 budget is an extensive and far-reaching document, which underscores the depth of the tax reforms Canada is in today. Trust and estate planning will be affected by the proposals as well, as explained.

We accept editorial submissions for the Knowledge Bureau Report from Distinguished Advisors until 5 PM CST Thursday weekly.

I’m a retired widow. My only income is CPP and Old Age Security. I also get the Supplement but lately I’ve been thinking about going back to work part time, maybe one day a week, as a Greeter at Walmart. How will this extra income affect my Supplement?

Employees may claim certain specific expenses of employment on their tax returns, depending on whether the employer will verify this was a necessary condition of employment.