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.

You are in a relationship with the CRA, so you need to know some key parameters.

This week: 10 neat things about freeze up.

Learn how to embrace and improve your personal and family net worth in a time of great change. You'll be well postitioned to benefit from opportunites in the new financial world evolving around you. Order by Feb. 25 and receive $5 off.

Strengthen your relationships with clients who are contemplating taking on debt or is struggling with debt by learning how to help them set realistic expectations, give them actions to focus on, and keep them on track. Try the Free Trial!

Help your clients determine the tax savings (and therefore the after-tax cost) of their charitable donations.

A recent survey by Stats Canada reveals an increase in employment of 1.6% or 286,000, all in full-time work over a 12 month period.