Episode 39 – Immediate expensing and tax changes for manufacturers with Rebecca Adrian

Planning to build, purchase, or expand a manufacturing facility? Proposed Canadian tax changes could create valuable opportunities for eligible businesses, but understanding the rules before making a major investment is essential. 

In this episode, Frankie and Sarah are joined by Rebecca Adrian, CPA, CFP, a member of Baker Tilly's National Tax team, to discuss proposed legislation under Bill C-31 and what it could mean for Canadian manufacturers. They explain how the proposed immediate expensing incentive could support businesses investing in qualifying manufacturing and processing facilities, the eligibility requirements that must be met, and why careful tax planning is essential before making a claim. The conversation also explores proposed changes to dividend refund rules, including how they could affect corporations with passive income and more complex ownership structures. Throughout the episode, they highlight the importance of maintaining thorough documentation and being prepared for increased CRA compliance activity so businesses can confidently navigate these proposed changes. 

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