Federal Tax Cut Canada has reduced the federal income tax rate for the first tax bracket from 15% to 14%, effective July 1, 2025. Details of the Tax Cut Effective Date: The new 14% rate applies to income earned from July 1, 2025, onward. 2025 Blended...
The federal government announced in the February 2024 budget that the inclusion rate would rise to 66.7% (two-thirds) for capital gains exceeding $250,000 annually for individuals, as well as for corporations and trusts. However, in January 2025, the government deferred this change to January 1, 2026.
A Registered Retirement Savings Plan (RRSP) is a cornerstone of Canada’s retirement savings framework, offering individuals a tax-advantaged means to accumulate funds for retirement.
The Government of Canada has announced an extension of 2024 charitable donations to February 28, 2025.
Prior to the end of each tax year, Financial and Investment Advisors review the portfolios of their clients with an eye to “Tax Loss Selling”. The idea behind this annual review is multifold but in November and December, the focus becomes which investments...
While students in primary or secondary school will not see any notable changes in finances, it’s a different story for Post-Secondary students as they now enter the world of Financing and Taxation.
With the annual ritual of tax filing on the horizon for the 2023 tax year, it becomes important to review the less well-known filing requirements and deadlines that affect everyone.
The Canada Revenue Agency (CRA) has recently made changes to how Bare Trusts are managed, reported and taxed in Canada. These changes can seem complex, but it's important for Canadian Taxpayers to understand their implications.
