Helping First Nations, Inuit and Metis with Tax Filing

The Canada Revenue Agency is trying to reach out to Canada’s First Nations, Inuit and Metis to encourage them to file their tax forms on time and could use your help to make sure these communities get all the tax benefits they are entitled to. But filing tax returns are not always easy, especially when there is income on and off the reserve.

Doubtless you’ve had clients ask whether they can write off any portion of their vehicle for work or business purposes. And your answer, as always, is: “It depends.” The rules are worth reviewing at year end as they can vary significantly depending on how the client earns their income—employee, self-employed, or incorporated – and this is a deduction that’s often audited. Here’s a practical primer to guide that conversation.

As Canadian businesses approach the end of 2025, tax planning remains a key activity for maximizing deductions and optimizing cash flow. The treatment of business assets—particularly through Capital Cost Allowance (CCA), the Accelerated Investment Incentive (AII), and Immediate Expensing rules—offers significant opportunities for savings. The following outlines the latest updates to these tax measures, highlights the changes for 2025, and provides practical year-end planning tips for Canadian enterprises.

Choosing the right corporate structure is one of the most important decisions a small business owner can make. It affects everything from taxes and liability to access to funding and long-term growth. In Canada, corporations are classified differently for tax purposes, each with unique implications. This article breaks down the major types of corporations relevant to small businesses, including two specialized categories: Personal Services Businesses and Specified Investment Businesses.

There are many reasons not to miss the November 5 CE Summit.  First, there is the November 4 Federal Budget Analysis and Advanced Year End Tax Planning Synopsis. But in addition, for anyone who ever wanted to truly understand corporate owner-manager taxation, don’t miss the Advanced Corporate Owner Manager  Planning Tutorial included in this session.   Take a look at the 17 critical topics you need to know to work with business owner clients:

Tyler Wagner, CFA, Portfolio Manager at BCV Asset Management, gold sponsor at the Acuity Conference for Distinguished Advisors (DAC) being held next month in Puerto Vallarta, is on a mission to build resilient portfolios at this important juncture in the retirement planning landscape. It’s not to late to register, build knowledge, skills, network with leading experts and earn CE Credits, too. Check out why have conversations about resilient portfolios is such an important part of year end planning:  

The Financial Literacy Collection provides foundational knowledge in personal financial management, equipping professionals to better educate and guide clients through everyday money decisions. This program strengthens advisory relationships by building understanding, confidence, and long-term financial discipline. By enhancing client understanding, you can help to build advisory trust.