Backgrounder To boost business investment, enhance certainty and simplicity for businesses, and strengthen Canada’s tax competitiveness, the Government of Canada proposes to implement the Productivity Mega Deduction, which will provide immediate expensing for a broad-based range of depreciable property on a permanent basis. Immediate expensing allows taxpayers to fully write off the cost of an…
Author: Bert Mulder
Canada Employment Insurance Commission confirms 2027 Employment Insurance premium rate
News release September 14, 2026 Gatineau, Quebec Employment and Social Development CanadaToday, the Canada Employment Insurance Commission made available the actuarial report and its summary for the 2027 Employment Insurance (EI) premium rate. The rate for 2027 is set at $1.64 per $100…
Ruling by US Court of Appeals on 'Net Investment Income Tax (NIIT)
The ‘Net Investment Income Tax (NIIT) is a 3.8% federal surtax on investment income for individuals, estates and trust with higher income. It was introduced in 20143 to help fund healthcare reforms. It is calculated on capital gains from selling stocks, bonds and real estate, dividends, interest income, rental and royalty income, and passive business…
Interest rates for the fourth calendar quarter
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from October 1, 2026 to December 31, 2026. Income tax The interest rate charged on overdue taxes, Canada…
CRA Interest rates for the third calendar quarter
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from July 1, 2026 to September 30, 2026. Income tax The interest rate charged on overdue taxes, Canada…
US Tax transcripts: Know the different types and how to get them
IRS Tax Tips Aug. 26, 2026 Issue Number: Tax Tip 2026-65 Tax transcripts: Know the different types and how to get them Taxpayers may need to access their tax records or transcripts for many different reasons. It could be needed for filing a tax return, applying for a mortgage or loan, to name a couple…
e-Courier tax checklists
I am happy to announce that with the help of e-Courier, we have now activated our new and improved client checklists, for existing and new clients: If you have Canadian tax filing obligations: https://e-courier.ca/aQ?is=pjbioIICnfEz If you have US tax filing obligations: https://e-courier.ca/aQ?is=kzkQIoICmVpj Through the use of these checklists it will be easier to get me…
British Columbia Budget 2026
British Columbia Finance Minister Brenda Bailey presented Budget 2026: Securing B.C.’s Future (“Budget 2026”) on February 17, 2026. Budget 2026 includes a major overhaul of BC’s income tax system. Highlights of these changes and related measures are outlined below. Income Tax Act Lowest Personal Income Tax Rate and Basic Personal Income Tax Credits Increased Effective…
CRA Interest rates for the second calendar quarter
The Canada Revenue Agency (CRA) announced today the prescribed annual interest rates that will apply to any amounts owed to the CRA and to any amounts owed by the CRA to individuals and corporations. These rates will be in effect from April 1, 2026 to June 30, 2026. Income tax The interest rate charged on overdue taxes, Canada…
Alberta Budget 2026
Alberta Budget 2026: Focused on What Matters (“Budget 2026”) was tabled February 26, 2026, by Minister of Finance Nate Horner. Tax measures in Budget 2026 include a new Alberta Caregiver Credit and a Vehicle Rental Tax. Details of these and other measures are outlined below. New Alberta Caregiver Credit Caregivers in Alberta are currently able…