Budget 2026 is not a quiet budget. It introduces a new capital gains exemption of up to $15 million per individual per business, makes immediate expensing permanent for about two-thirds of business investment, moves the T1 deadline to May 15 for everyone, and overhauls the administrative penalty regime with size-based multipliers of up to 8x. Your clients will ask about these changes long before the legislation is passed.

This course gives you the answers in a few focused hours. Each major measure starts with the background you need: what the rules were, what Budget 2024, the Fall Economic Statement 2024, Budget 2025 and Bill C-15 already changed, and why the government is changing them again. Then we work through the new proposal, its conditions and effective dates, and practical examples you can use with clients the next day.

You will know which measures already matter for transactions happening now, which are still at the consultation stage, and where the planning opportunities and traps are, from estate freezes and the Canada Growth Incentive to trust distributions, section 116 clearance certificates and the new one-year objection deadline.

What's Included 

• Recorded video lectures on every income tax measure: personal, business and international tax, and tax administration (objections, collections and penalties). Watch at your own pace, pause on the worked examples and revisit any topic.
• A comprehensive participant guide (PDF): every slide with detailed commentary, ready to keep as a desk reference long after the course.
• Sales and excise tax commentary in the guide: the indirect tax measures (GST/HST health measures, financial institution ITC pre-approval, import relief, cannabis, spirits and fuel excise) are not income tax, so they are not covered in the recorded lectures. They are explained in full in the participant guide.

Note: All Budget 2026 measures are proposals until the enacting legislation receives Royal Assent. The course explains which proposals would apply from Budget Day if enacted, and how to approach filings and transactions before then.

Topics Include

Context and status of proposals (recorded) 

• Key dates, the simplification agenda and how proposals become law 
• Filing positions before enactment: CRA practice on favourable and unfavourable proposals 
• Previously announced measures confirmed, including the Productivity Mega Deduction and how it compares with accelerated CCA since 2018 

Personal income tax (recorded) 

• Single May 15 filing and balance-due date, higher instalment thresholds and the new annual business instalment
• The Canada Growth Incentive: the $15 million exemption, the share tests, excluded businesses, and how it compares with the LCGE (the participant guide adds a full discussion of existing owners and estate freezes)
• The enhanced section 44.1 small business investment rollover
• Refundable Canada Caregiver Credit, the 2027 CGEB supplement, the Build Canada Workers Benefit and lump-sum payment thresholds
• Optional flat amounts for moving, clergy, labour mobility, home accessibility, adoption and medical expenses
• T1135 thresholds, northern residents deductions, farm and fishing rollovers, RDSPs and mineral exploration credits
• Employment expenses for commission employees, artists and apprentice mechanics; scholarship, volunteer firefighter and Canada Creative Credit changes
• RRSP for Life, trust distributions to non-residents, RPP revocation and individual pension plans

Business income tax (recorded) 

• Private foundation excess corporate holdings, Part VI.1 tax on taxable preferred shares and corporate loss transfers
• Certified resolutions, EIFEL exceptions, SR&ED expansion, clean technology ITCs, helium and the journalism labour credit

International tax (recorded) 

• Section 116 rates for non-resident corporate vendors and relief for section 85 rollovers of taxable Canadian property
• Common Reporting Standard consultation and new tax treaties

Tax administration (recorded) 

• The new one-year objection deadline (with worked examples), disclosure of tax debts to credit bureaus
• Administrative penalty increases, size-based multipliers and repeat-failure penalties
• CRA outreach and compliance funding, and related non-tax legislative measures

Sales and excise tax (participant guide commentary)

• GST/HST health measures, financial institution ITC allocation pre-approval, HS code and import relief updates
• Cannabis common excise stamp, spirits licence security and federal fuel excise tax licensing

• Explain each Budget 2026 income tax measure to clients, with its conditions and proposed effective date
• Identify which proposals would apply from Budget Day and how to handle filings and transactions before Royal Assent
• Assess whether a client's shares could qualify for the Canada Growth Incentive, and how it interacts with the LCGE
• Advise owner-managers on the instalment, filing-deadline and flat-amount changes that affect their 2027 and 2028 compliance
• Recognize the planning risks in trust distributions to non-residents, section 116 dispositions and the new objection deadlines
• Plan for the higher administrative penalties and size-based multipliers that apply after 2027