Detailed Service Category: Canadian Tax

Canada’s Productivity Mega Deduction: What the New Immediate Expensing Rules Could Mean for Your Business

Business owner inspecting manufacturing equipment that may qualify for Canada’s Productivity Mega Deduction.

On September 15, 2026, the federal government announced the proposed Productivity Mega Deduction, which would permanently allow businesses to immediately expense the cost of most depreciable capital property acquired on or after that date. Instead of claiming deductions gradually over several years, qualifying businesses could deduct up to 100% of… Read more

Estate Freezes and Succession Planning: When Might An Estate Freeze Make Sense?

Older couple discussing estate and succession planning with an advisor.

If you own a successful private company, there’s a good chance a significant portion of your wealth is tied up in the business. As that business grows, so does the value of your shares. That can be great while you’re building the company, but it can also create a larger… Read more

Investing in Your Business: Could Enhanced Capital Write-Offs Affect the Timing?

Business owner and construction professional shaking hands in front of heavy equipment

A new piece of equipment, an upgraded computer system, or a building expansion can be a major investment. Tax probably isn’t the first reason you’re considering it, but the available deduction could affect when you move ahead and how the purchase affects cash flow. Canada’s Productivity Super-Deduction, introduced in Budget… Read more

Looks Legitimate—But Is It? How AI Is Changing CRA Scams

Concerned man looking at a laptop after receiving a suspicious CRA message

You receive an email that appears to be from the CRA. It uses your name, includes an official-looking logo, and refers to a tax refund you may reasonably be expecting. The writing is polished, there are no spelling mistakes, the link seems to be real, and even the email address… Read more

B.C. PST is Expanding to Professional Services: What Businesses Need to Know Before October 1, 2026

Business team meeting with laptops and documents while reviewing the upcoming B.C. PST expansion to professional services.

Beginning October 1, 2026, British Columbia’s provincial sales tax (PST) will expand to certain professional services, including accounting services, bookkeeping, and assurance services. The expanded rules, first announced in the 2026 B.C. Budget and later confirmed by Notice 2026-001, are also expected to capture several professional service categories beyond accounting—some… Read more

SR&ED Tax Credits: Could Your Company’s Research and Experimental Development Work Qualify?

Three professionals review a prototype component and laptop in a modern manufacturing or engineering workspace.

Innovation doesn’t always happen in a lab. It can happen when a software company is attempting to overcome a technical barrier or to achieve new technical performance milestones, a manufacturer is developing a new method of production, or a business is attempting to improve a product, process, or material in… Read more

2026 Federal Spring Economic Update Highlights

Parliament Hill buildings in Ottawa with the Peace Tower and Canadian flag under a partly cloudy sky.

On April 28, 2026, the federal government released its Spring Economic Update 2026, titled Canada Strong for All. The update outlines the government’s economic outlook and introduces a number of targeted measures focused on affordability, productivity, and long-term economic growth. While not as comprehensive as a federal budget, the Spring… Read more

Diversifying a Concentrated Position: When Tax Deferral May be Possible

Two professionals discussing financial documents in an office setting, representing tax planning and investment strategy

For investors with a large position in a single stock, diversification is often easier said than done. Over time, a concentrated holding, whether from early investment, equity compensation, or business ownership, can grow into a significant portion of overall wealth. At that point, the need to diversify becomes clear but… Read more

2026 B.C. Budget Highlights

British Columbia Parliament Buildings in Victoria with a large Canadian flag displayed on the front lawn.

On February 17, 2026, the B.C. government released its 2026 provincial budget, projecting a $13.3 billion deficit for the 2026–27 fiscal year. While the fiscal plan continues to prioritize funding for public services, it also introduces several notable tax changes and credit enhancements that will affect individuals and businesses across… Read more

Avoiding a Forced Sale: Using Life Insurance to Fund Taxes at Death

Two men, one older and one younger, walking outdoors together and smiling, representing intergenerational business succession and estate planning.

For many incorporated business owners, a large portion of their wealth is tied up in their company, a real estate portfolio, or long-term investments held inside a corporation. On paper, the value can be significant. In practice, much of that wealth may not be easily converted to cash. That distinction… Read more