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Tag: Federal Budget

  • Federal Budget 2025: What’s Changing for Your Personal Taxes:

    VF Accounting

    The latest federal budget includes a few personal tax changes that could impact many Canadians over the next few years. Here’s a quick overview of what’s coming. Personal Support Workers Tax Credit (new) Starting in 2026, personal support workers employed by approved health-care organizations may qualify for a new refundable tax credit worth 5% of Read more

  • Automatic Tax Returns Coming Soon? What the 2025 Federal Budget Proposed

    VF Accounting

    The 2025 Federal Budget introduced a proposal that could make tax season a little easier for some lower-income Canadians – automatic tax filing. Under this plan, the Canada Revenue Agency (CRA) could automatically prepare and file a tax return for individuals who meet certain criteria. This would mainly apply to people with simple tax situations Read more

  • Proposed Changes to Capital Gains Tax in 2024 Federal Budget

    Proposed Changes to Capital Gains Tax in 2024 Federal Budget

    VF Accounting

    The 2024 federal budget proposes increasing the capital gains inclusion rate to help fund new projects and programs. Here are the key points: Consult a tax professional for personalized advice. Contact VF Accounting Source: Benjamin Lopez Steven · CBC News · Posted: Apr 17, 2024 1:38 PM EDT | Last Updated: April 17 Read more