Capital Gains
The increased inclusion rate (67%) for capital gains exceeding $250,000 a year has been deferred to Jan 1, 2026 and the inclusion rate remains at 50%.

Income From Digital Platforms (Gig Economy)
Platforms will provide reporting to the CRA on reputable sellers for 2024 and provide an annual copy of information sent to the CRA.

Short-Term Rentals
Non-compliant short-term rental expenses are no longer deductible. Municipal licensing is required in Guelph and Kitchener-Waterloo As of Jan 1, 2024.

RRSP Contributions
2024 RRSP contribution deadline is Mar 3, 2025.

Charitable Donations
Donations made by Feb 28, 2025 can be claimed for 2024.



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Home Buyers Plan (HBP)
 The withdrawal limit increases to $60k (from $35k) starting Apr  16, 2024. Also,the time to start repayments has been extended.​

First Time Home Buyers Credit
$10k credit available on eligible 2024 home purchases. If jointly bought credit amount can be split or claimed by one person.

Principal Residence Sale
Report sale information, date of purchase and cost paid to avoid substantial penalties.

Canada Child Benefit
In 2025, the CCB maximum increased to $7787 (under 6) and $6570 (6-17). Payments gradually decrease based on income brackets.

Canada Carbon Rebate
File by Mar 24, 2025 to recieve Apr 15 payment. Late filing will have this payment delayed by 6-8 weeks.