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Update: Canada Carbon Rebate for Small Businesses – Now Deemed Tax-Free (Pending Royal Assent)

Update: Canada Carbon Rebate for Small Businesses – Now Deemed Tax-Free (Pending Royal Assent)

July 3, 2025

The federal government has announced that the Canada Carbon Rebate (CCR) for Small Businesses will be non-taxable for eligible Canadian-controlled private corporations (CCPCs) for the 2019–2020 to 2023–2024 fuel charge years, as will the final payment for the 2024-2025 fuel charge year.

Find out what this means for your corporate tax return and how we can help.

Update on the Status of Capital Gains Tax Changes

Update on the Status of Capital Gains Tax Changes

January 15, 2025

On September 23, 2024, the government tabled a Notice of Ways and Means Motion to introduce a bill entitled An Act to amend the Income Tax Act and the Income Tax Regulations. This Notice of Ways and Means Motion modified the motion tabled on June 10, 2024. For more information about the capital gains tax changes, please visit the Notice of Ways and Means Motion.

UPDATE: Underused Housing Tax

UPDATE: Underused Housing Tax

March 29, 2024

Please read this update regarding the Underused Housing Tax (UHT)

Underused Housing Tax

Underused Housing Tax

December 6, 2023

Effective January 1, 2022, the Canada Revenue Agency introduced the Underused Housing Tax (UHT). See what that means for you and what steps you may have to take.

THE DEACUR WORTHINGTON BLOG

Come here for the latest news, articles and updates from Decatur Worthington & Associates Ltd.

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