Canadian TAX Guide - Biggest TAX Changes in CANADA for 2025

What are the Biggest TAX CHANGES in CANADA for 2025? Will Taxes go Up or Down? What are the new TFSA Limits? RRSP? Will CPP be Increased? What about Tax Brackets? Will I Pay More in Taxes this year? I break down all the important TAX CHANGES for 2025 that you need to know! Some things are going up, some are going down. Let’s see what this means for you and your wallet! 🇨🇦 There’s a lot to cover including: TFSA, RRSP & FHSA, big changes to the Canada Pension Plan (CPP), tax increase for Capital Gains, boost to the Home Buyers Plan and updated Tax Brackets and Tax Credits like the Basic Personal Amount and Lifetime Capital Gains Exemption! MOOMOO REFERRAL 🇨🇦 Sign up with my custom referral link to get up to a $300 bonus, $2000 in commission rebates and 6% interest! 👇 https://start.moomoo.com/01JZWQ Do this BEFORE Dec 31 👇 https://youtu.be/Cwy5ls8JqY4 CANADIAN TAX GUIDE - Playlist 🇨🇦 https://youtube.com/playlist?list=PLj8bU3AuW2qEA_ik7NOAIkBY02nt7KAPj CPP Changes for 2024 🇨🇦 https://youtu.be/rICT8RpVKS8 Capital Gains Tax Increase 🏠 https://youtu.be/qq8YndVACV4 FHSA Explained - First Home Savings Account 🏠 https://youtu.be/l-vFR14I12k QUESTRADE REFERRAL 🇨🇦 Use my referral link to get $50 of COMMISSION-FREE Trade Rebates for the first 30 days!👇 https://questrade.sjv.io/CANADIANTSHIRT You can also manually enter my offer code: CANADIANTSHIRT WEALTHSIMPLE TRADE REFERRAL 💰 Join Wealthsimple and get a bonus of $25 👇 You can also manually enter my referral code: P0A-UQ https://wealthsimple.com/invite/P0A-UQ Best SAVINGS ACCOUNT in 2025 - EQ BANK  🏦 This is the best flat-rate savings account right now which offers up to 4% interest with no monthly fees and no minimum balance! Use my referral link below to sign up 👇 https://click.linksynergy.com/fs-bin/click?id=G4zxVqAvD18&offerid=1115263.22&bids=1115263.22&type=1&subid=0 LOYALTY MEMBERSHIP ✨ Click the JOIN button or the link below to gain access to my exclusive content to see my full portfolio and what stocks I’m buying every month! 👇 https://youtube.com/c/CanadianinaTShirt/join Thank you guys for supporting my channel, you’re the best! 🙏 WATCH NEXT  ▶️ -TFSA vs RRSP vs FHSA vs RESP - https://youtu.be/11y_oV3jOU4 -How Taxes Work in Canada - https://youtu.be/GShKBkv2xY8 -TFSA Mistakes - https://youtu.be/s4cBibLATOU -Year-End Tax Saving Tips - https://youtu.be/xLXup5L-S2Q -How to File Taxes in Canada - https://youtu.be/4RxkNa2VjtU -How to Build Wealth - https://youtu.be/L10wfYl3_Qs -RRSP Mistakes - https://youtu.be/I8k95_R_L_Q -Best Credit Cards in Canada - https://youtu.be/KAHrH06BaVQ -Pay Stub Explained in Canada - https://youtu.be/uFg3tDxmqiE Be sure to subscribe to my channel for more videos on investing, Canadian taxes, personal finance and money saving strategies =) FOLLOW ME HERE: 👋 FACEBOOK: https://www.facebook.com/CanadianTShirt INSTAGRAM: https://www.instagram.com/canadiantshirt TWITTER: https://twitter.com/CanadianShirt FINANCIAL EDUCATION BOOKS 📚 -Wealthy Barber Returns - https://amzn.to/2MJ9cIe -How to Adult Money Canada Version - https://amzn.to/2F717ZT -Beat the Bank: Canadian Guide - https://amzn.to/37uqe54 -101 Tax Secrets for Canadians - https://amzn.to/2RrIuGS -Intelligent Investor - https://amzn.to/3qoI5nV -Making Money in Canadian Real Estate - https://amzn.to/2SKijw6 CAMERA GEAR  📸 -4K Camera - https://amzn.to/3aSHWEg -HD Camera - https://amzn.to/3puBZkT -Tripod - https://amzn.to/2Qf2Lid -LED Ring Light - https://amzn.to/2MKLDyC -Microphone - https://amzn.to/3aRdXMN SKIP AHEAD ⏩ -Intro: 0:00 -TFSA Limit: 0:37 -Max TFSA Limit Table: 1:05 -Immigrants - TFSA Room: 1:37 -RRSP Limit: 2:19 -Home Buyers Plan: 3:25 -FHSA - First Home Savings Account: 4:17 -CPP Changes: 5:27 -Moomoo: 6:42 -Tax Brackets: 7:15 -Basic Personal Amount: 8:45 -Capital Gains Tax: 9:41 -Corporation - Capital Gains: 10:29 -Lifetime Capital Gains Exemption: 10:46 -Bottom Line?: 11:19 DISCLAIMER: I am NOT your financial advisor! My videos and the topics discussed are my opinions and are presented for entertainment purposes only. This information should not be construed as legal or financial advice. It is always up to YOU to do your own due diligence. It’s YOUR money so make YOUR own decision! I will NEVER ask you to send me money nor will I ever provide my phone number or personal email address. If you see this, that is a fake account and please report any suspicious activity or scam accounts claiming to be me. DISCLAIMER: Links included in this description may contain affiliate links.   I will only ever suggest services or products that I use myself and I personally believe in. If you sign up using my affiliate link, I will receive a small referral bonus at no extra cost to you! Thank you for supporting The Canadian in a T-Shirt! =) #CanadianTaxes #RRSP #TFSA #FHSA #CanadianTaxGuide #CRA #CanadianFinance #CPP #HBP #CapitalGains