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.Audit Defence - Documenting the Client Experience
Stand up with professionalism to potential legal challenges from CRA or other family stakeholders. Register by May 15 for early bird rates.
Snowbirds: Tax Residency Under Scrutiny at Border
Starting July 1, 2014, Canada and U.S. border authorities will now scan your passport when you enter and exit their country to determine how long a person has actually been out of their country of residence in a given year.
Immigration Trusts
The February 11, 2014 federal budget has proposed to eliminate tax benefits of many estates and trusts; one of which is the immigration trust.
Adjusting Prior Filed Returns? Be Honest
Morton v. The Queen (2014) TCC 72. The Tax Court of Canada recently released reasons for judgment in a case regarding the imposition of penalties following the expiration of the normal reassessment periods.
Evelyn Jacks: Canadians Can Control Wealth Erosion In Uncertain Times
It’s difficult to think pessimistically about the great news released mid-March about our national net worth: it increased by 2.7% to $7.7 trillion in the last quarter of 2013, following a 2.5% gain in the third quarter.
Thank You, Mr. Flaherty
On October 9, 2009 at a presentation in Istanbul, Turkey, Canada’s Finance Minister Jim Flaherty was presented Euromoney magazine's Finance Minister of the Year award for 2009.
