News Room

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.

UN Takes Issue With Rules In Canadian Income Tax Act

Is the federal government silencing human rights organizations and advocacy groups through restrictive provisions in the Income Tax Act?

Tax Tip: Deducting Political Contributions

Elections bring with them important opportunities to discuss Canada’s future social, economic and tax policies. So, it’s appropriate to go back to “tax school” to find out the tax consequences of making political contributions.

Government Messaging On UCCB Cheques Incomplete

It’s too bad the messaging that came with the increased Universal Child Care Benefit (UCCB) was incomplete when the lump-sum bonuses were distributed on July 20. 

Andy Fisher, Partner At Farber Financial Group, On The Need For Professional Networks

FOR IMMEDIATE RELEASE – Andy Fisher is a Partner in the Insolvency & Restructuring practice at Farber Financial Group and leads the firm’s Small Business Restructuring practice.

Cyber Crime Is Increasing: IIAC President Ian Russell Speaks at DAC

FOR IMMEDIATE RELEASE – Cyber threats know no boundaries. Cybercrime risks are increasing; however, risk awareness differs greatly. Cybercrime is not just for monetary gain but also for valuable information about individuals.

Tune in to KBR next week for our Academic Excellence Issue…

On August 12, make sure you check out our Academic Excellence Issue of Knowledge Bureau Report.
 
 
 
Knowledge Bureau Poll Question

Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?

  • Yes
    338 votes
    69.55%
  • No
    148 votes
    30.45%