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.
For the 2013 and future tax years, CRA will be allowed to collect up to 50% of the taxes they think are owing as a result of your participation in the scheme, even if you decide to file a Notice of Objection.
George Hartman brings his expertise on advisor business succession planning and exit strategies to the 2014 Distinguished Advisor Conference as part of Business Valuation: Succession Plans vs. Exit Strategies.
Grab a book or two (or more!) this summer and expand your financial acumen. We have some great recommendations that will be satisfying reads whether you're on a road trip, at the lake, or stay-cationing at home.
Expand your practice and career with cross border taxation planning knowledge and cater to an affluent, multi-jurisdictional baby boomer demographic. Make Cross Border Taxation part of your summer studies. Try a free trial!
DAC 2014 is shaping up to be the best one yet! Don’t miss the opportunity of an incomparable educational experience in the beautiful Texas Hills as you gain perspective and insight from outstanding thought leaders in the tax and wealth advisory industries.
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?