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Form 500 Ctr

Form 500 Ctr

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recently the government announced their changes to income tax brackets and certain benefit and tax credit amounts for 2025 for next year many of these benefits and tax brackets are going to go up by 2.7% to coincide with inflation over the last year this is generally a good thing but there's still a catch some Canadians might still end up paying a bit more in tax or receive smaller benefits than they have in years previous some of the items that haven't changed have stayed the same since the 1970s so in this video I'm going to go over all the things that are going to be changing for 2025 but perhaps more interestingly the things that aren't changing okay here we are in the government of Canada website and as I mentioned in the intro the index that's going to happen with uh the vast majority of these benefits and tax bracket thresholds is 2.7% last year is 4.7 and the year before that is 6.3 you might say oh my goodness this is getting worse it&am

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