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?   

There was good news and bad news for small business corporations and investors in this budget. Here are the details of those provisions and other tax news for farmers and investors.

If you are a small business owner taking dividends out of your business, the federal budget has handed you a good news/bad news story.

The March 21, 2013 federal budget made two significant personal tax changes for younger taxpayers: the adoption expense tax credit has been expanded and for new charitable givers, there is a super credit, plus there is a new penalty for schemers.

After meeting with private sector forecasters, Finance Minister Flaherty gave several early clues to what might be contained in the federal budget, expected soon, including increased funding to catch tax cheats and additional economic stimulus to keep people employed.

March is fraud prevention month, and therefore it makes sense – in the heart of the tax filing season – to know which is legal and which is a criminal offence: tax evasion or tax avoidance?

You haven't done your taxes for a year or two or more – yikes – now what? Bottom line: get on it, quickly, and more important, start a relationship with a qualified tax professional who has taken a recent audit defense course.