Personal Tax Changes for 2025

CommonWealth Financial Strategies > Blog general > Personal Tax Changes for 2025

The Fraser Institute estimates that Canadian families already pay 43% of their budget in taxes. Furthermore, our taxes are increasing this year with hikes that will cost taxpayers another $3.4 Billion annually! 

Due to the challenges posed by high inflation and increasing taxes, Canadians have to prepare more diligently to manage their own finances effectively. To that point, there is no reason why investors shouldn’t take action now to reduce the taxes on their investments, retirement income and their estate.  

Please call us to discuss how to take advantage of tax programs that are available as you save for retirement and seek to preserve your family’s standard of living and the value of your estate.  

The following report from the Canadian Taxpayer’s Association provides information on tax changes for 2025: 

https://www.taxpayer.com/media/new-years-tax-changes-ctf-2025.pdf

New Year’s Tax Changes 2025 New Year’s Tax Changes 6 The tax hike took effect on June 25, 2024, and will cost taxpayers $3.4 billion in 2025-26, according to the budget. www.taxpayer.com

Please feel free to forward this newsletter to others you believe may benefit.

Your CommonWealth Team

Disclaimer

Any opinions or recommendations expressed herein do not necessarily reflect those of Queensbury Security Inc (QSI). Information and/or materials contained herein or attached hereto are for informational purposes only and do not constitute an offer or solicitation by anyone in any jurisdiction