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.Evelyn Jacks: Rest in Peace, Mr. Flaherty
Canada is devastated at the loss of its great Finance Minister, Jim Flaherty, who few would argue was a truly wonderful soul.
Own U.S. Real Property? Know What is Required for Tax Purposes
Many people have taken advantage of the real estate market drop in the U.S. and have purchased U.S. real estate for personal use or as a rental property, but many do so not realizing what owning this kind of property means from a tax perspective.
Who Are Eligible Child Care Providers?
Child care expenses are claimable on form T778 by Canadian residents for services provided by any of the following in Canada (although deemed residents may qualify as well).
Deducting Disability Support
If you are disabled and incur expenses of an attendant or other disability supports purchased to enable you to earn employment or self-employment income or to pursue education, then you can claim the costs of disability supports on Line 215 so long as the expenses were not reimbursed.
People in the News
Knowledge Bureau's faculty and authors have been busy in the media this week!
Jacks on Tax: Get More of Your Hard-Earned Money Back
With the April 30 tax deadline quickly approaching, make sure that you file the most accurate and best returns for your family unit. Get Jacks on Tax at the Knowledge Bureau bookstore and popular bookstores across Canada.
