Fuel Excise Tax on Hold But Inflation is Not
The U.S.-Israel war on Iran has thrown global oil prices into turmoil and there is plenty of fallout for consumers. Travelling to Europe this summer? That’s in jeopardy, as jet fuel may run out. Looking for relief at the pumps instead? The recently announced suspended federal excise tax on gasoline, unleaded aviation gasoline, diesel fuel and aviation fuel here in Canada will soften the blow, but only temporarily: it will be zero from April 20 to September 7, 2026. Here’s what you need to know:Understanding Conflicts of Interest: Tips from the Tax Court
Canadian National Railway Company v McKercher LLP and Gordon Wallace, 2013 SCC 39
CPP Contributions for the Self-Employed Required Until Age 65
Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65.
When do I have to pay tax on alimony or spousal and child support payments?
The rules differ for spousal and child support, as explained below.
Life Expectancy and the OAS Postponement Issue
According to a Canadian Institute of Actuaries (CIA) study published by advisor.ca, the life expectancy of a 60-year-old male today has increased by 2.9 years (from 24.4 to 27.3 years), while the life expectancy of a 60-year-old female has increased by 2.7 years (from 26.7 years to 29.4 years).
Back to School Tax Tips for Students
With back-to-school just around the corner, there are several important recent tax issues for students that will be helpful to keep in mind for the year ahead.
Good News: Knowledge Bureau Secures More Rooms in Ojai for DAC 2013
It’s not too late – call us today to reserve your spot at the Distinguished Advisor Conference. We have been able to secure a small block of additional rooms at our spectacular venue. Please call today to register for the 10th annual Distinguished Advisor Conference, November 10-13.
