Essential tax numbers: Updated for 2025 | Advisor.ca
Nov 21, 2024 · The staff of Advisor.ca have been covering news for financial advisors since 1998.
Total TFSA contribution room to rise above $100K in 2025
Oct 15, 2024 · AdobeStock / Alex. The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who …
What happens to the capital gains tax changes if the government …
Oct 10, 2024 · iStock / tiger barb. Taxpayers who sold property earlier this year to avoid the federal government’s hike to the capital gains inclusion rate (CGIR) could regret having done …
CRA announces CPP maximum pensionable earnings for 2025
Nov 1, 2024 · iStock / Bob Bosewell. The year’s maximum pensionable earnings under the Canada Pension Plan for 2025 will be $71,300, up from $68,500 in 2024, the Canada …
CRA announces prescribed rate for Q1 2025 | Advisor.ca
Dec 9, 2024 · AdobeStock / Jeff Whyte. The prescribed rate on loans to family members will be 4% in the first quarter of 2025, and the interest rate Canadians must pay on overdue tax will …
CRA updates guidance on underused housing tax | Advisor.ca
Mar 12, 2024 · AdobeStock / Reimar. The Canada Revenue Agency (CRA) has provided updated guidance on filing obligations for the underused housing tax (UHT), even though the related …
What the disability tax credit means for eligible Canadians and …
May 14, 2021 · iStockphoto Federal Budget 2021 proposed expanding eligibility for the disability tax credit (DTC) in the areas of mental functions and life-sustaining therapy. This is welcome …
Pros and cons of family trusts | Advisor.ca
Sep 25, 2024 · AdobeStock / Nishihama. While recent changes in federal tax policy may affect whether trusts represent the best planning strategy for some families, the vehicles still have …
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Long-term care: How much it costs and how to pay for it
Jul 29, 2024 · iStock / Grandriver. Clients often don’t budget for long-term care in their retirement plans, which can be a considerable expense. While the public system is subsidized by …