Advocacy

Our pre-budget submission to Finance Canada in advance of Budget 2026 recommends that the federal government promptly: Begin its promised review of the corporate tax system, including a focus on small business taxation. Simplify the Tax on Split Income (TOSI) rules to reduce compliance and administrative costs on small businesses. Update RRSP, RRIF and TFSA rules to better support the financial needs of those saving for retirement and retirees. Download Now

The Tax on Split Income (TOSI) rules are widely regarded as one of the most complex areas of Canadian personal tax law, and impose significant compliance and administrative costs on small business owners and their advisors.Our submission to Finance Canada provides recommendations for simplifying the TOSI regime including: Excluding a business owner’s spouse age 25 and older from the application of the rules, Allowing professional and service corporations to use the “excluded shares” exemption, and Updating and consolidating the CRA’s guidance on the TOSI rules. CALU’s recommendations would continue to support the federal government's objective of preventing income sprinkling, while ...

Our pre-budget submission to the Standing Committee on Finance in advance of Budget 2026 recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP, RRIF and TFSA rules to better support the financial needs of those saving for retirement and retirees. Provide a temporary 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses to be reviewed for effectiveness after three years. Develop pharmacare using the same general approach as the federal dental plan: supporting those ...

This letter to the Department of Finance provides additional recommendations on certain Employee Life and Health Trust (ELHT) rules that were proposed in their August 15, 2025, legislative package. It supplements our September 12, 2025, submission on the same matter. The letter also reiterates and explains our past recommendation for increasing the limits for Private Health Services Plans (PHSPs) and ELHTs as provided in a letter to the Department on March 31, 2022. Download Now

CALU’s submission to Finance Canada in response to draft legislative proposals released on August 15, 2025 including in relation to: Capital Gains Rollover Employee Ownership Trust Capital Gains Exemption Trust Reporting Rules Employee Life and Health Trusts Outstanding Legislation Download Now

Our pre-budget submission to Finance Canada in advance of Budget 2025 recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP and RRIF rules to better support the financial needs of those saving for retirement and retirees. Provide a temporary 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses to be reviewed for effectiveness after three years. Develop pharmacare using the same general approach as the federal dental plan: supporting those without prescription drug coverage ...

CALU’s pre-budget submission to the Standing Committee on Finance (FINA) in advance of Budget 2025. It recommends that the federal government: Promptly begin its promised review of the corporate tax system, including a focus on small business taxation. Promptly update RRSP and RRIF rules to better support the financial needs of those saving for retirement and retirees. Provide a temporary 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses to be reviewed for effectiveness after three years. Develop pharmacare using the same general approach as the federal dental plan: supporting ...

Our letter to members of the federal Ministry provides recommendations on tax issues that should be prioritized over the coming months. Issues include a timely start to the tax reform commitment promised during the election campaign, with a particular focus on the rules governing small businesses. The letter also provides more immediate recommendations for action in relation to the following tax measures: Lifetime capital gains exemption Canadian Entrepreneurs’ Incentive (CEI) and Capital Gains Rollover Employee Ownership Trust (EOT) capital gains exemption Technical Tax Bill Tax on Split Income (TOSI) Rules Passive Investment Rules Download Now

CALU’s pre-budget submission to Finance Canada in advance of Budget 2025. It recommends that the federal government: Abandon its intention to implement an increase in the capital gains inclusion rate Commission an expert panel to review and report on the tax rules governing small businesses Update RRSP and RRIF rules to enhance the retirement income system for younger and older Canadians Provide a 35 percent refundable tax credit relating to the cost of dental care programs for employees of small businesses Develop pharmacare using the same general approach as the federal dental plan: supporting those without prescription drug coverage ...