The Productivity Mega Deduction: What the New Immediate Expensing Rules Mean for Your Business On September 15, 2026, the federal government announced the Productivity Mega Deduction, a proposed change that would now let businesses immediately expense a much wider range of capital purchases in full in the year purchased. What is “immediate expensing” Normally, when…
US Tariffs and Your Business: Tax Strategies for an Uncertain Trade Environment Ask almost any Canadian business owner what’s keeping them up at night in 2026, and tariffs are near the top of the list. Trade tensions between Canada and the United States have gone through several rounds of escalation this year, with tariffs, counter-tariffs,…
Important Update: BC Expanding PST to Accounting Services Effective October 1, 2026, the BC government is expanding Provincial Sales Tax (PST) to include accounting services; bookkeeping, tax preparation, financial statements, payroll, advisory, and related work. We want to make sure you understand what’s changing and how Clearline is helping manage the transition. What’s Changing Starting…
B.C. PST on Professional Services Effective October 1, 2026 British Columbia is expanding its provincial sales tax to selected professional services. Effective October 1, 2026, the following services will become taxable: Newly taxable service PST treatment Accounting services 7% Non-residential real-estate services 7% Security and private-investigation services 7% Architectural services Effective rate of 2.1% Engineering…
Alter Ego Trusts and Joint Partner Trusts: Valuable Estate Planning Tool As Canadians continue to focus on preserving wealth and simplifying estate administration, Alter Ego (AE) Trusts and Joint Partner (JP) Trusts have become increasingly popular estate planning tools for individuals aged 65 and older. While these trusts are not appropriate for every situation, they…
Bare Trust Reporting: Final Update on T3 Filing Requirements What Canadian Taxpayers Need to Know After several years of uncertainty, the Government of Canada have legislated the final changes for the reporting requirements for bare trusts. The Canada Revenue Agency (CRA) has provided some guidance, and we expect more before the first filing deadline on…