New Mega Deduction a Good Start, But More Tax Reforms Are Needed
The Federal government has unveiled a Productivity Mega Deduction, which will provide immediate expensing under Capital Cost Allowance (CCA) provisions for a broad range of depreciable property, importantly on a permanent basis, for acquisitions on or after September 15, 2026. Check out the noteworthy exclusions are listed below. This tax reform is a good start, but much more needs to be done, especially for small business owners and average taxpayers to make Canada truly competitive across our tax base.T2 Tax Guide Now Available
The Canadian Revenue Agency (CRA) has published its T2 Tax Guide on its website.
Where are T7DR(A) Tax Remittance Forms?
No paper means no tax remittance forms...
Brush Up on New Form T661: Scientific Research and Experimental Development Program (SR&ED)
The federal budget of Marsh 2012 included proposed changes to the Scientific Research and Experimental Development (SR&ED) Program.
Worth Reading: Another Extended Period of Dismal Returns?
American Mike “Mish” Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management, who wrote the following analysis of the markets on November 28, 2012. Do you agree or disagree with his sentiments?
Report Barter Transactions
Many taxpayers are shocked to learn that the bushel of apples, gaggle of geese, or services of great variety, paid to settle a debt instead of cash, all have a commercial value that may have tax implications.
Lifestyle Column: 10 Neat Things
This week: 10 neat things about seeds.
