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:

Be very careful about blanket advice.

The best kind of income is the tax free kind, and indeed, several sources exist. 

CRA form PD7A, Statement of Account for Current Source Deductions, along with the accompanying worksheet is the latest CRA form to move to the electronic age.

This week: 10 neat things about Dutch elm disease.

Knowledge Bureau faculty members Pat Foran and Alan Rowell were recently in spotlight giving some timely tax season tips.

Learn how to save a portion of every pay cheque regularly and then invest the money wisely. You'll retire richer than you ever dreamed possible and you’ll achieve peace of mind. A great gift for a new graduate embarking on their financial future or for a client needing some money saving strategies! Order by Mar. 12 to take advantage of our boxes of books special!