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 …
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 …
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 …
What are the FHSA eligibility rules? | Advisor.ca
May 19, 2023 · Even homeowners can open an FHSA in some cases. The new Tax-Free First Home Savings Account (FHSA) is meant to help first-time home buyers save for a down …
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 …
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 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 …
How advisors pick financial planning software | Advisor.ca
Dec 18, 2024 · iStock / ArtistGNDphotography. After Advisor.ca looked at how four financial planning and analysis software products fare on features for mid-career and retirement …
CRA announces prescribed rate for Q4 | Advisor.ca
Sep 3, 2024 · AdobeStock / JHVEPhoto. The prescribed rate on loans to family members will be 5% in the fourth quarter of 2024, and the interest rate Canadians must pay on overdue tax will …