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?   

“Take-charge” taxpayers preparing for their annual income-tax filing will want to take a look at this year’s T1 Income Tax and Benefits return, available online.

Jacks to launch her 49th and 50th books, Jacks on Tax, Your Do‐It‐Yourself Guide to Filing Taxes Online and Essential Tax Facts: Secrets and Strategies for Take‐Charge People on Jan. 15 at 7:45 AM at the Albany Club in Toronto.

Knowledge Bureau Report readers are a disciplined bunch. Only one in four felt the pressure to overspend during the holiday season.

A taxpayer’s failure to have its waiver of appeal set aside reaffirms that validly negotiated settlements between taxpayers and the Canada Revenue Agency (CRA) are not to be questioned by the courts.

No, in fact, the Tax Filing Due Date can vary.

Even though proprietors and their spouses have until June 15 to file their returns before late filing penalties kick in, it makes sense to file by midnight April 30 with all other taxfilers to avoid interest charges if you have a balance due.