Federal Budget 2025
- Published
- November 5, 2025
- Topic
- Budget
On November 4, 2025, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, presented Budget 2025 – Canada Strong, to the House of Commons.
No changes were proposed to personal or corporate tax rates. Some highlights include the following:
Personal Measures
- Automatic tax filings for low-income Canadians to commence for the 2025 tax year.
- A 5% credit for eligible personal support workers working for eligible health care establishments.
Business Measures
- A variety of new and extended measures for accelerated CCA on asset acquisitions.
- An anti-avoidance measure to prevent tax deferrals related to refundable dividend tax where dividends are paid within a corporate group.
- Various modifications to tax incentives related to the clean economy.
International Measures
- Revisions to the transfer pricing rules and requirements.
Sales and Excise Measures
- Elimination of the underused housing tax.
- Removal of the luxury tax on vessels and aircraft (but not on vehicles).
Other Measures
- Deferral of bare trust filing requirements until the 2026 tax year.
- Deferral of expanded filing requirements for non-profit organizations until the 2027 tax year.
Previously Announced Measures
- Intention to proceed with previously announced measures, including the capital gains rollover on small business investments, making the Canada carbon rebate for small businesses tax-free, allowing charitable donations made in early 2025 to be claimed in 2024 and increasing the lifetime capital gains exemption limit to $1,250,000 effective in 2024.
- Confirming the cancellation of the proposed increase to the capital gains inclusion rate and the Canadian entrepreneurs’ incentive.
Download the full commentary below.
Related Resources
Capital Gains Inclusion Rate – How Does It Impact Me?
April 23, 2024 – In More Ways Than You Think The federal Budget was presented on April 16, 2024 and among a number of […]
Federal Budget 2024 Commentary
April 17, 2024 – On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 – Fairness for Every Generation, to the House of Commons. No changes were made to personal or corporate tax rates. Some highlights include the following:
Federal Budget 2024
April 17, 2024 – On April 16, 2024, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2024 – Fairness for Every Generation, to the House of Commons.
The 2024 Ontario Budget is in and here are the highlights
March 27, 2024 – On March 26, 2024, the Ontario government presented its 2024 Budget – Building a Better Ontario. The budgetary deficit for […]
Ontario Budget 2024
March 27, 2024 – On March 26, 2024, the Ontario government presented its 2024 Budget – Building a Better Ontario.
2024 Québec Budget
March 13, 2024 – The Minister of Finance, Mr. Eric Girard, tabled his 2024-2025 budget plan on March 12, 2024. Here are the highlights:
The Enhanced Intergenerational Business Transfer re: Budget 2023 Changes
July 10, 2023 – The proposed amendments to Bill C-208 will affect how you transfer your business to the next generation of your family. These changes will come into effect for transfers that occur on or after January 1, 2024.
Building Wealth Across the Decades: Key Financial Priorities for Your Fifties
June 08, 2023 – Over the course of your fifties, continue to build on the financial planning activities you started in your earlier years. As retirement approaches, it is crucial to ensure you have enough savings to maintain your desired lifestyle. This includes…
Building Wealth Across the Decades: Financial Planning Priorities for Your Forties
June 01, 2023 – As you enter your 40s, your financial situation often becomes more complex. It’s likely that you have children who are nearing college age, your earning potential has increased, and with it, there are several financial obligations to consider, such as:
Building Wealth Across the Decades: Financial Planning Priorities for Your Thirties
May 25, 2023 – A big question I hear from people in their thirties is: “should I invest in my Tax-Free Savings Account (TFSA) or should I pay down my mortgage?” This is what I would do in my thirties:
Building Wealth Across the Decades: Key Financial Priorities for Your Twenties
May 17, 2023 – Let’s start by addressing the foundational elements of finances that you’re building in your twenties. Here are the top three priorities:
Federal Budget Commentary 2023
March 29, 2023 – On March 28, 2023, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2023 – A Made-in-Canada Plan: Strong Middle Class, Affordable Economy, Healthy Future, to the House of Commons.
