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.

Featured Book: Managing the Bull

Detect and Deflect the Crap: A no-nonsense approach to personal finances. KBR readers receive $5 off if they order before January 28.

Featured Tool: Take Home Pay Calculator

One of the key issues for employees considering a new job is the take home pay for the position, especially if the job is in a different province. This calculator provides an estimate of the take home pay based on salary, exemptions, deductions and province of residence.

Time to invest in Canada

If Canada is to maintain its leading position, we need to be less reliant on credit-financed household spending and more geared to exports, investment and innovation, says Tiff Macklem.

Enhanced disclosure for scholarship plans

It is becoming easier to understand and invest in scholarship plans, thanks to new, enhanced disclosure requirements.

Travel expenses for medical, moving and Northern residents deduction claims

The Canada Revenue Agency (CRA) seems to think it cost less to operate a vehicle in Canada in 2012 than in 2011.

Evelyn Jacks: Tax protestors pay the price

The Canada Revenue Agency (CRA) has proved once again: there is no escaping your responsibility to pay income taxes.
 
 
 
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
    23 votes
    100%
  • No
    0 votes
    0%