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.Is Enough Tax Withheld? Tax Pros Think So
As March came to a close, the CRA had received 9.3 million returns, and according to data to March 13, average tax refund amounts had declined slightly from February: coming in at $2,172. Over the year, the size of the tax refund has been steadily increasing. We asked you to tell us whether CRA should cut back on withholding taxes so that Canadians could keep more in their pockets every two weeks. The no’s won at 62.96%. Here were your comments:
Build a New Digital Sales Engine Webinar: April 11 at Noon CST
If getting back 500 hours a year, making more, spending over 60% less money, and bringing in lots of new clients while realizing work-life balance with your important relationships is appealing to you, then the next Webinar from Knowledge Bureau Network on April 11 is exactly what you’ve been looking for. You’ll get a sneak peek at how to retool and build an amazing digital practice from Derek Notman, CEO of Connector, and fellow advisor who got tired of doing business the old way.
Bookkeeping in a Digital World
Did you know: the accounting, tax, bookkeeping and payroll services represent 23.6 billion, showing an 8.9% increase annually. This according to Statistics Canada shows that this is a healthy, and essential, industry for Canadians. That’s why now may be the right time to enhance your professional education with the Certificate Course Bookkeeping in a Digital World.
CE Savvy-PD™ - Building Your Business Collection
Are you ready to consider incorporating your proprietorship, navigating family dynamics within your company or considering philanthropic donations through investments that match your values then you’ll want to check out our latest collection entitled Building Your Business, which provides you a new opportunity to earn 5 CE Credits.
Special Report on the March 28, 2023 Federal Budget
The Special Report on the 2023 Federal Budget is a Knowledge Bureau subscriber exclusive!
Top Tax Tips for Filing 2022 Returns
It is indeed that time of the year: tax season is upon us and there is lots of tax news for those just starting their 2022 T1. With just under 5 million tax returns already filed by mid March, the average refund is just under $2,200 and the average balance just under $4,500. Here’s my top picks for tax tips you need to know to maximize your entitlements:
