Federal Budget 2025 – Tax announcements

Canadian flag flying in the blue sky, symbolizing the 2025 federal budget and tax announcements in Canada.

The 2025 federal budget includes several major tax changes; this article focuses exclusively on the tax measures announced. Important announcements include the abolition of the tax on underutilized dwellings and the luxury tax on aircraft and ships, the introduction of a reverse remittance mechanism to counter carousel fraud, and clarification of the application of GST/HST […]

Federal Budget 2025 – Tax announcements

Canadian flag flying in the blue sky, symbolizing the 2025 federal budget and tax announcements in Canada.

The 2025 federal budget includes several major tax changes; this article focuses exclusively on the tax measures announced. Important announcements include the abolition of the tax on underutilized dwellings and the luxury tax on aircraft and ships, the introduction of a reverse remittance mechanism to counter carousel fraud, and clarification of the application of GST/HST […]