May 24, 2025
May 24, 2025
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Federal Tax Changes 1. Middle-Class Income Tax Cut The federal government is implementing a reduction in the lowest personal income tax rate from 15% to 14%, […]
May 11, 2025
May 11, 2025
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With Mark Carney and the Liberals returning to power, tax policy is set to remain a top priority. Promises are aimed at easing the cost of […]
March 15, 2025
March 15, 2025
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CRA wins case against remote worker who claimed $67,000 in moving expenses This case revolves around an Ontario taxpayer who, in her 2021 tax return, claimed […]
March 2, 2025
March 2, 2025
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In 2024, Canadians achieved a new milestone in their Tax-Free Savings Accounts (TFSAs), with average balances reaching an all-time high of $44,987. This represents an 8% […]
February 23, 2025
February 23, 2025
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The Canadian government has postponed the implementation of proposed changes to the capital gains tax until January 1, 2026. Initially introduced in April 2024, these changes […]
February 16, 2025
February 16, 2025
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Who Needs to File? In Canada, if you own foreign property with a cost exceeding CAD 100,000 at any time during the tax year, you must report it […]
February 15, 2025
February 15, 2025
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Trump’s Reciprocal Tariffs Could Disrupt Established Trade Policies: Tariff Matching Strategy The idea behind reciprocal tariffs is that if a country imposes a higher tariff on […]
January 27, 2025
January 27, 2025
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To account for inflation, federal income tax brackets have been adjusted for the 2025 tax year. The new brackets are as follows. The provincial tax rates […]