Personal Tax Archives

Personal Tax Updates for 2024/2025: What Canadian Taxpayers Need to Know

February 1, 2025
Nizam Shajani, Partner, LLM, CPA, CA, TEP, MBA
Accounting, Personal Tax, Tax Planning

Imagine this: You’re sitting down with a cup of coffee, getting ready to file your taxes, and suddenly—panic. The rules have changed, and you’re not sure if you’re leaving money on the table or about to make a costly mistake…

Shajani Newsletter

Tax and business tips from Shajani's experts, specifically for Canadian business owners. By subscribing, you agree to our privacy policy.

<div id="mc_embed_shell">
<link href="//cdn-images.mailchimp.com/embedcode/classic-061523.css" rel="stylesheet" type="text/css">
<style type="text/css">
#mc_embed_signup{background:#fff; false;clear:left; font:14px Helvetica,Arial,sans-serif; width: 600px;}
/* Add your own Mailchimp form style overrides in your site stylesheet or in this style block.
We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. */
</style>
<div id="mc_embed_signup">
<form action="https://shajani.us18.list-manage.com/subscribe/post?u=7e0216acf07ae66b075585b99&id=aaaacdc831&f_id=0035c6e1f0" method="post" id="mc-embedded-subscribe-form" name="mc-embedded-subscribe-form" class="validate" target="_blank">
<div id="mc_embed_signup_scroll"><h2>Subscribe</h2>
<div class="indicates-required"><span class="asterisk">*</span> indicates required</div>
<div class="mc-field-group"><label for="mce-FNAME">First Name <span class="asterisk">*</span></label><input type="text" name="FNAME" class="required text" id="mce-FNAME" required="" value=""></div><div class="mc-field-group"><label for="mce-LNAME">Last Name <span class="asterisk">*</span></label><input type="text" name="LNAME" class="required text" id="mce-LNAME" required="" value=""></div><div class="mc-field-group"><label for="mce-EMAIL">Email Address <span class="asterisk">*</span></label><input type="email" name="EMAIL" class="required email" id="mce-EMAIL" required="" value=""></div>
<div hidden=""><input type="hidden" name="tags" value="189"></div>
<div id="mce-responses" class="clear">
<div class="response" id="mce-error-response" style="display: none;"></div>
<div class="response" id="mce-success-response" style="display: none;"></div>
</div><div aria-hidden="true" style="position: absolute; left: -5000px;"><input type="text" name="b_7e0216acf07ae66b075585b99_aaaacdc831" tabindex="-1" value=""></div><div class="clear"><input type="submit" name="subscribe" id="mc-embedded-subscribe" class="button" value="Subscribe"></div>
</div>
</form>
</div>
<script type="text/javascript" src="//s3.amazonaws.com/downloads.mailchimp.com/js/mc-validate.js"></script><script type="text/javascript">(function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[1]='FNAME';ftypes[1]='text';fnames[2]='LNAME';ftypes[2]='text';fnames[0]='EMAIL';ftypes[0]='email';fnames[8]='MMERGE8';ftypes[8]='birthday';fnames[6]='MMERGE6';ftypes[6]='address';fnames[7]='MMERGE7';ftypes[7]='text';fnames[9]='MMERGE9';ftypes[9]='text';fnames[3]='MMERGE3';ftypes[3]='text';fnames[10]='MMERGE10';ftypes[10]='text';fnames[5]='MMERGE5';ftypes[5]='text';fnames[12]='MMERGE12';ftypes[12]='text';fnames[13]='MMERGE13';ftypes[13]='text';fnames[14]='MMERGE14';ftypes[14]='text';fnames[15]='MMERGE15';ftypes[15]='text';fnames[16]='MMERGE16';ftypes[16]='text';fnames[17]='MMERGE17';ftypes[17]='text';fnames[18]='MMERGE18';ftypes[18]='text';fnames[11]='MMERGE11';ftypes[11]='text';}(jQuery));var $mcj = jQuery.noConflict(true);</script></div>

Personal Tax

Personal Tax Updates for 2024/2025: What Canadian Taxpayers Need to Know

Shajani Newsletter

Shajani Blog

Personal Tax Updates for 2024/2025: What Canadian Taxpayers Need to Know

Navigating the Evolving Landscape of Corporate Taxation on Passive Investments

Streamlining Your Business Structure Through Amalgamation

Maximizing CPP in Retirement Planning for Family-Owned Enterprises