GST/HST New Housing Rebate for Change in Use to Principal Residence Change in use of a property from income-producing such as short-term rentals to principal residence may be deemed to be a substantial renovation and eligible for the New Housing Rebate. taxtips.ca/gst/gst-housin…

2025 Personal Tax Rate Reduction / Tax Credits Reduction Proposed reduction of lowest personal tax rate to 14% Jul 1/25. Avg 2025 tax rate of 14.5%. Personal tax credit rate also reduced. Possible TAX INCREASE for those with many tax credits. #CdnTax taxtips.ca/federal-budget…

Ontario 2025 Budget - May 15/25 2025-26 projected deficit is increased from $4.6 billion to $14.6 billion. Personal income tax: new refundable fertility treatment tax credit, for tax refund of up to $5k/yr. #CdnTax #onpoli #fertilitytreatment taxtips.ca/ontax/ontario-…

Which is Better - RRSP, TFSA, or FHSA? Don't own a home? FHSA may be best option. In the lowest tax bracket, no home-buying plan? TFSA may be the best option. The choice depends on your own financial situation. #CdnTax #investing #financialplanning taxtips.ca/tfsa/which-is-…

Get Out of Credit Card Debt! If you are not paying off your credit card balance every month, the unpaid balance can double within 4 months due to compounding interest. #financialplanning #debtfree taxtips.ca/savemoney/how-…

2025 Tax Rate Reduction and First-Time Home Buyers' GST Rebate Lowest personal tax rate is reduced to 14.5% for 2025 and 14% for 2026. First-Time Home Buyers' GST Rebate is created for new homes valued below $1.5 million. #CdnTax #homebuyers taxtips.ca/federal-budget…

The lower tax rate will cause a tax increase for those with total non-refundable personal tax credits at line 33500 that are greater than the threshold of the lowest tax bracket.

Life in the Tax Lane June 2025 Topics: New Government Tax Changes | Personal Tax Rate Reduction | Capital Gains Exemption - 2024 Assessment Errors | CRA Online Mail for Businesses | Represent a Client - Employer Responsibility #CdnTax #investors #TaxPros taxtips.ca/personaltax/li…

Debt in G7 Countries Government gross debt exceeds 100% of GDP in every G7 country except Germany. When household debt is added, the total debt exceeds 200% of GDP in Canada, Japan and the US. #Canadiandebt #getoutofdebt taxtips.ca/statistics/deb…

Canadian Tax Calculators Updated for Reduced Tax Rate Updated for the reduced 2025 federal tax rate: Detailed Canadian Tax Calculators, Basic Income Tax Calculator, and Investment Income Tax Calculators, for all prov/terr. #CdnTax #cdntaxcalculator taxtips.ca/canadian-finan…

2025 Canadian Marginal Tax Rates Our tables of marginal tax rates for all provinces and territories have been revised to reflect the reduction of the lowest federal tax rate from 15% to 14.5% for 2025. #CdnTax #TaxPlanning #financialplanning taxtips.ca/marginal-tax-r…

Filing a Notice of Objection If you don't agree with a Notice of Assessment from CRA, and a simple phone call to them doesn't resolve things, file an Objection within 90 days, even if they say you don't need to. Timing is everything! #CdnTax #taxreturns taxtips.ca/filing/notice-…

Optimizing Your Donation Tax Credit Our tax calculators will help you optimize your donation tax credit, alerting you if you are exceeding 75% of your income or not fully utilizing all your donations. #CdnTax #philanthropy #donations taxtips.ca/filing/donatio…

Track Your Own TFSA Contributions! 2025 contrib. room is finally available in My Account for most individuals, but doesn't include 2025 contributions. Do not rely on CRA information, but keep accurate records yourself! #CdnTax #TFSA #tfsa101 #investors taxtips.ca/tfsa/tfsa-exce…

GST Credit Amounts for Jul 2025 to Jun 2026 GST/HST credit starting July 2025 is based on 2024 tax returns. Cdn residents are eligible once they turn 19. A single person could receive up to $533 for the year. #gstcredit #CdnTax taxtips.ca/filing/gst-cre…

Life in the Tax Lane July 2025 Fast-paced 10-minute video for Canadian Tax and Financial Professionals, but useful for everyone! #CdnTax #taxpros #financialplanning taxtips.ca/personaltax/li…

Don't be scammed by fake websites - CRA or any other!! r.pebmac.ca/https://www.ct…

How are RRSPs and RRIFs Taxed at Death? Generally, the FMV is included in the deceased's income. If the property is transferred directly to a qualifying sole survivor by Dec 31 of the year following the year of death, this can be done on a tax-free basis. taxtips.ca/rrsp/how-are-r…