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.

Did you know that Canada now has a Blueprint for a Renters' Bill of Rights?  It’s based on four principles the federal government wishes to align with a renter’s right to adequate housing. According to the government, the purpose of the Blueprint is to “express the Federal Government's policy objectives to build a national consensus to protect renters.”  But what does this mean for rental property owners? You may wish to discuss this with your clients who have concerns about their ability to collect rents and improve properties.

Are you concerned about taxpayer rights being eroded with proposals to expand CRA powers within the audit process?  The pros are:  96%  of Knowledge Bureau Report’s September poll said yes.  Here were just some of their reasons why:

There is a lot to consider this upcoming tax season when it comes to filing personal returns and increased risk for individuals, investors and businesses in light of the substantive tax law change in 2024.  Are you prepared to help? Join us for our next CE Savvy Summit on November 6 where Evelyn Jacks, Sharon Conrod, Doug Buss, and Special Guest, Kim G C Moody will discuss key year-end planning issues including retirement planning options, cross border taxation, and how Canada’s new capital gains inclusion rates and AMT will affect year-end tax planning. Register by October 15 for early-bird savings, and check out new team member enrolment options to save on your team training this fall.

TaxCycle Talks is coming to a city near you. This is your chance to hear from Evelyn Jacks, President of Knowledge Bureau and best-selling tax author! Evelyn will break down the key tax changes for Millennials, Gen Z, investors, seniors, and business owners. Don't miss her expert insights into capital gains inclusion rate changes, emerging audit trends, and best practices for training staff for tax season 2024. Register now to attend one of these complimentary events:

What date was the Income Tax Act introduced?  When was the first federal sales tax in Canada?  In what year did Canada introduce withholding taxes? From the time of the first recorded tax in Canada in 1650, the Canadian tax system has undergone over two dozen major tax reforms.   With an election on the horizon, and tax reform a priority for many professionals, it’s a good time to brush up on some tax reform history.

A new landing outlining the details of the long-awaited Canada Disability Benefit was updated by Employment and Social Development Canada on September 13, 2024, providing more details about the monthly stipend, but confirming that there will be no payments until at least July of 2025 – yet another delay from the expected start date of December 2024.  The benefit will not be payable, according to the latest information posting until the month after the month in which an application is approved. For most eligible Canadians, it would appear then, that there are no benefits for at least a year yet.  Here is some background information: