Confirmed: The CCR for Small Business is Tax Free
Ottawa has confirmed that the CCR for Small Business received by eligible Canadian-controlled private corporations (CCPCs) will be tax free for the 2019-20 to 2023-24 fuel charge years, as will the final payment for the 2024-2025 fuel charge year. Draft legislation was released on June 30, 2025 with this announcement; and will be introduced for law making in Parliament this Fall. Some of the more significant details are discussed below.Capital Gains Deferrals: Covid Time Not Counted
As the third quarter of 2023 begins, many taxpayers will be sitting down with their advisors to discuss tax planning and specifically, what can be done before year end to reduce or at least defer cash flow required to settle tax debts triggered by 2023 transactions. In addition, thanks to proposed legislative amendments released August 4, 2023, there may be opportunities to recoup prior year tax dollars regarding transactions that triggered tax; specifically for the deferral of capital gains that would otherwise be realized.
DAC Acuity 2023 Sets the Gold Standard with Sessions on Private Markets & Insurance
On Monday, November 13 thought leaders from our gold partner organizations will be taking the stage at DAC Acuity 2023. Don’t miss exploring the world of private markets with Natalie Camara, Director, Alternatives, Specialized Sales – Western Canada, BMO Global Asset Management or finding out the answer to whether or not venture debt is a positive hedge from Espresso Capital’s Dennis Hettinger. Ready to embrace new transformative change with insurance solutions? Hear from Massimo Nini and Dan Fortuna from AGA Benefit Solutions, and Barry Ferguson of Wealth One Bank with Richard Pyper from Monarch Wealth systems These industry change-makers will inspire you with their compelling sessions. Register by the September 30 early-bird deadline!
CE Summit Early-Bird Deadline: Last Chance!
As the key eroders of wealth – taxes, inflation and fees – are about to take a bigger bite out of Canadian’s balance sheets…as Real Estate Ownership comes under the CRA microscope. There’s a big opportunity for you to help! You’re invited to learn more at early-bird tuition rates until September 15 only to attend the September 20 Virtual CE Summit on Audit Defence: Managing Tax Risk for Real Estate Owners.
KBR Reader Exclusive: Rookie Training Special
Now is the time for rookie training! Choose from selected introductory certificate courses leading to DMA™ Designation and enrol by September 15 to save up to 27% on tuition. We invite you to check KBR for reader loyalty rewards weekly as a thank you for engaging with us!
CAIP Error to be Corrected September 15
The Climate Action Incentive Payment (CAIP) is now being paid in Alberta, Saskatchewan, Manitoba and Ontario, and starting in July 2023, in Newfoundland and Labrador, Nova Scotia, and Prince Edward Island. Administering these quarterly payments is a big job – CRA asked for a $1.9 Billion of increase in it’s March departmental budget. At least some of that money will go towards correcting an error made in July: taxfilers living in smaller centres will receive a reconciliation payment on September 15. Here are the details.
CRA Extends Taxpayer Relief in Wildfire Affected Areas
CRA is providing some relief from corporate tax filing requirements for businesses in wildfire zones in British Columbia and the Northwest Territories and some instruction on how to get access to tax benefits and manage tax collections and CRA audits during the disaster. Detail appears below:
