Canada’s 2025 Tax Overhaul: How CRA Updates Will Affect You
Canada’s tax system is undergoing major reforms starting 2025, affecting both individuals and businesses. Key changes include an increase in capital gains tax, higher alternative minimum tax (AMT), a new Digital Services Tax (DST), and hikes in Canada Pension Plan (CPP) contributions. Additionally, GST/HST exemptions for certain goods will be available for a limited time. … Read more