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.Evelyn Jacks: “Fiscal cliff” has immediate implications
The U.S. is fast approaching its “fiscal cliff” and how it resolves that challenge has implications for Canada and the world.
The law determines judges’ decisions
A recent Tax Court of Canada (TCC) decision shows that, despite personal feelings of sympathy, judges must follow the letter of the law.
Tax preparers and filing electronically
As of January 2013, tax preparers who receive payment to prepare more than 10 income tax returns in a year will be required to file those returns electronically.
Improving cross-border tax compliance
Canada and the United States are working toward improved cross-border tax compliance.
News from Tax Court: Crown appeals Guindon
The Crown has appealed a recent Tax Court of Canada (TCC) decision that ruled penalties were criminal in nature, not civil. If the ruling is upheld, advisors will come under increased scrutiny.
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