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.

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Advise your clients on the tax impact of various events on both sides of the border. Enrol in Cross Border Taxation – try the first chapter for free!

Should joint tax filing to enable full family income splitting be allowed? 70% of KBR readers say ‘yes.’

The new Registration of Tax Preparers Program, proposed to launch during the 2016-2017 fiscal year, will keep track of errors associated with a particular registrant in an effort of improve compliance. CRA is seeking input on this change in its relationship with professionals.

Jane Rooney has been selected as the Financial Literacy Leader of Canada. The Task Force on Financial Literacy provided 30 recommendations, including the appointment of a Financial Literacy Leader, to help Canadians become equipped with the knowledge and skills necessary to make responsible financial decisions.