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.
Knowledge Bureau can help you realize your careers goals with a first class education, and until June 15 a very special financial incentive to help you build your credentials.
Get the inside story on how to preserve your wealth while enjoying your cross-border travels, hassle-free. Pick up your copy of Canadians & The IRS. Makes a great gift for friends, family, and clients.
Expand your expertise in the concepts of Real Wealth Management™ and provide holistic wealth management advisory services to your clients. Enrol in the newly updated Elements of Real Wealth Management today, the first in the MFA–Retirement Income Specialist™ Designation program.
It’s important to file the new Form T1135 – Foreign Income Verification by July 31 this year. The Departments of Finance and CRA have been prolific in their steps to close down tax loopholes and this new form is a cornerstone of these activities.
Do you believe Canada’s tax system based, on self-assessment, has suffered under recent changes at CRA and by Finance Canada? If so, what is the one wish you have for tax reform?