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:Evelyn Jacks: Showing Gratitude Using Tax-free Benefits
Did You Know? Measures to cut red tape for small businesses
As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.As part of its Red Tape Reduction efforts, the Canada Revenue Agency (CRA) has created a dedicated team that is charged with cutting red tape for small businesses, thereby enhancing service.
Featured Event: A critical workshop on planning for tax-efficient results before year-end
November Distinguished Advisor Workshop
Year End Tax Planning Strategies:
Investor, Owner/Manager Planning and Cross Border Taxation
Knowledge Bureau knows that in an ever-evolving industry, it can be hard to keep up with the most current information.
That's why we've done it for you - and you can update your knowledge all in one day!
