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.

After an eventful two weeks in global politics and economics, the theme for the 2017 Distinguished Advisor Conference (DAC) appears to be squarely on point: Financial Advice at the Crossroads of Change.

If your goal is to shore up your corporate tax preparation knowledge on preparing returns for professional corporations, you will want to enrol in this new online certificate course from Knowledge Bureau, which has a special focus on the needs of clients who are financial advisors and medical practitioners.

Knowledge Bureau’s Distinguished Advisor Workshop series for January 2017, focused on advanced personal tax update finished in Winnipeg, Manitoba on January 25th.  The team at Knowledge Bureau would like to extend our gratitude to all our students who attended - your participation makes this a success.

Confidence in Knowledge Leads to Expansion:  Joey LeBlanc, DFA - Tax Services Specialist™

“Far away there in the sunshine, are my highest aspirations. I may not reach them, but I can look up and see their beauty, believe in them, and try to follow where they lead.”  Louisa May Alcott

If you are using tax software in the 2017 tax filing season, you will be amazed at the cutting-edge features that complement the digital services being offered at CRA this year.  It may be worth your while to become familiar with the new services.