Tax Increase to Capital Gains Deferred to 2026 January 31, 2025, No. 2025-05 Taxpayers will not be required to and on time while adhering to tax compliance requirements. In Canada, businesses must follow specific rules and regulations regarding payroll taxes, deductions, and filings, such as T4 slips, to stay compliant with the Canada Revenue Agency (CRA). Corporate tax planning involves a detailed analysis and structuring of a company's financial situation

Starting in 2025, eligibility for the CCB will be extended for six months after a child's death if the individual claiming the CCB for that child is otherwise eligible. The individual receiving the CCB will still be required to notify the CRA of the child's death before the end of the month following the death. The extended period will also apply to the child disability benefit. For more information about the CCB and child disability benefit, go to Canada child benefit

The HBP withdrawal limit has increased from $35,000 to $60,000 for withdrawals made after April 16, 2024. In addition, temporary repayment relief was introduced to defer the start of the 15-year repayment period by an additional three years for participants making a first withdrawal between January 1, 2022, and December 31, 2025. Accordingly, the 15-year repayment period will start in the fifth year following the year that the first withdrawal was made.