Tax News

Canadian Dental Care Plan (CDCP) – Applications Now Open Eligible Canadians can now apply for the Canadian Dental Care Plan through Service Canada. Applicants must meet all eligibility requirements and have filed their most recent tax return. To apply, sign in or create a My Service Canada Account (MSCA) and follow the steps online. Be…

Applying for the Canada Disability Benefit? Here’s what you should know. The information required when applying for the Canada Disability Benefit may vary depending on your situation, including: If you are applying for yourself, you can also ask someone you trust to help you complete the application. There are multiple ways to apply, but applying…

The federal government has announced a proposed Canada Groceries and Essentials Benefit, aimed at helping Canadians manage rising costs—particularly for food and everyday necessities. The benefit provides additional support to more than 12 million low- and modest-income Canadians starting in spring 2026. To deliver immediate relief and longer-term support, the proposal includes two key measures:…

As of July 1, 2025, the lowest marginal personal income tax rate was reduced from 15% to 14%. Visit here for more information. Here’s what that means: Because the change takes effect mid-year:•The effective full-year rate for 2025 will be 14.5%• The rate will be 14% in 2026 and future years 🔎 New Top-Up Tax Credit (TTC)If you claim certain non-refundable…

The Ontario Fertility Treatment Tax Credit (OFTTC) is a new refundable credit designed to help Ontario families manage eligible medical expenses related to fertility treatment and surrogacy.

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: A.  Personal Measures B.  Business Measures C. International Measures D.  Sales and Excise Measures…

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: A.  Personal Measures B.  Business Measures C.  International Measures D.  Sales and Excise…

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. No changes were made to personal or corporate tax rates or to the inclusion rate on taxable capital gains. Some…

Does the UHT apply to you? The new Underused Housing Tax (UHT) imposes a 1% annual tax on the value of residential real estate considered to be vacant or underused that is owned on December 31 of each year. The government indicated that the tax would target property owned by non-Canadians; however, the scope of…

On April 28, 2022, Ontario’s Minister of Finance, Peter Bethlenfalvy, presented the province’s budget. The budget does not change corporate or personal income tax rates, but does: An Ontario general election will be held on (or before) June 2, 2022. It is uncertain whether tax initiatives proposed in the Ontario budget will be enacted into…