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Navigating Personal Finance in 2025: Key Changes to Capital Gains and Tax Brackets

As we step into 2025, several significant changes are set to impact personal finance, particularly in the areas of capital gains and tax brackets. These adjustments are designed to adapt to economic conditions and provide better financial planning opportunities for individuals. Capital Gains Tax Adjustments One of the most notable changes is the adjustment to capital gains tax. Starting in 2025, a higher tax rate will be applied to capital gains exceeding $250,000. This means that individuals selling assets with substantial gains may need to reconsider their timing and strategy to minimize tax liabilities. For example, spreading the sale of assets over multiple years could be a more tax-efficient approach. Changes to Tax Brackets Inflation adjustments are also on the horizon for tax brackets. To prevent inflation from pushing taxpayers into higher brackets, the income thresholds for each tax bracket will increase by 2.7%. For instance, the federal tax rate for earnings up to $57,375 wi...
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Stock Market Today : October 3, 2023


 The Canadian stock market continued its downward trend today. As represented by the S&P/TSX Composite Index, closed at 19,020.92 on October 3, 2023, down by 0.81% from the previous day’s close. The S&P/TSX 60 Index also fell by 0.83% to close at 1,141.80. The S&P/TSX Venture Composite index decreased by 1.68% to close at 536.26. The top gainers on the TSX were Cameco Corporation, Canadian Natural Resources Limited, and Barrick Gold Corporation, while the top losers were Baytex Energy Corp., Algonquin Power & Utilities Corp., and Enbridge Inc. 

In the US, the Dow Jones Industrial Average (DJIA) closed at 35,258.32, up by 0.10% from the previous day’s close . The S&P 500 index closed at 4,543.76, up by 0.15% from the previous day’s close. The NASDAQ Composite index closed at 15,235.89, up by 0.31% from the previous day’s close. The top gainers on the DJIA were Boeing Co., Goldman Sachs Group Inc., and JPMorgan Chase & Co., while the top losers were Apple Inc., Microsoft Corp., and Visa Inc. .

The reason the markets were down today, is due to the fact  that the 10-year Treasury yield climbed again on October 3, 2023, up to 4.80% from 4.69% late Monday and from just 0.50% early in the pandemic. This increase in yield came after a report showed U.S. employers have many more job openings than expected. Another reason is that there is ongoing debt ceiling drama that is slowly eroding confidence in the country. However, it is important to note that there could be other factors contributing to this decline as well.



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