Blog: 2016 BC Budget

Canada's new Productivity Mega Deduction promises to slash the marginal effective tax rate on business investment to just 6.4%, positioning the country as the most competitive G7 nation for capital deployment. This permanent tax incentive extends immediate expensing to roughly 65% of capital assets, fundamentally reshaping the economics of investing in Canadian operations across manufacturing, energy, technology, and resource sectors.

Whenever there is a change in government, it is usually accompanied by changes to tax measures. This article will summarize the key tax initiatives we may see in the near future as a result of the new Liberal majority government in Canada.

On July 2, 2026, the Canada Revenue Agency (CRA) published its updated Guidance on the Common Reporting Standard (Updated CRS Guidance).

The GST/HST New Housing Rebate lets a purchaser recover part of the GST/HST paid on a newly built or substantially renovated home used as a primary residence.

A salary deferral arrangement is an anti-avoidance rule in Canadian tax law, designed to prevent employees from deferring tax on income that has already been earned.

The deductibility of interest continues to be a frequent subject the tax courts.

Canada's proposed Productivity Mega Deduction would allow businesses to immediately write off the full cost of newly acquired capital assets, including aircraft and flight simulators, rather than spreading deductions over multiple years. This permanent change to the capital cost allowance regime could significantly benefit the business aviation industry, though taxpayers must carefully consider timing, income requirements, and documentation to maximize the deduction's value.

Employee stock options are a benefit offered by companies to their employees, giving them the right to purchase company stock at a set price (known as the exercise or strike price) after a certain period of time.

Canada's new Productivity Mega Deduction permanently provides immediate expensing for a wide range of depreciable property and Canadian development expenses, dramatically expanding the scope beyond the previously announced Productivity Super Deduction. The measure aims to reduce Canada's marginal effective tax rate on new business investment to 6.4%, positioning it as the lowest among major economies and less than half the U.S. rate.

With the transition to Accounting Standards for Private Enterprises (ASPE) and International Financial Reporting Standards (IFRS) now underway, for private and public entities, we are noticing common areas of concern.

Despite repeated interest rate hikes over the past year, the real estate market in many major Canadian cities remains resilient, and construction of new housing continues to grow.

On December 13, 2017, the Government released its updated proposed rules on Income Sprinkling (also known as Income Splitting).

The Accounting Standards for Private Enterprises (ASPE) introduced new standards, effective for annual periods beginning on or after January 1, 2022.

Tesla is planning to launch its new "million mile" battery in China next year which it has been working on for a while now in a partnership with China's Contemporary Amperex Technology Ltd.

The Edmonton Oilers said goodbye to Rexall Place on Wednesday night and paid tribute to many of the franchise's greats.

The lifeblood of any business is its ability to collect cash and pay bills, as well as pay its employees, particularly its owners. Far too often small businesses are profitable, but they...

The federal government launched the CECRA program to provide financial assistance to small businesses in respect of their commercial rent.

Are there withholding taxes on my rental income? Yes. Any person remitting rents to a non-resident is required to withhold and remit to the Canada Revenue Agency ("CRA") 25% of the gross rents paid.

The property value threshold for the full home owner grant is increased to $1.65 million for the 2018 tax year, from $1.6 million in 2017.

I studied business and consulting in Calgary and Europe and was drawn to the idea of solving problems, and creating value for people.