Skip to main content

Featured

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...
Post a Comment
Read more
Labels

Beijing’s Meddling: Canada’s Democracy Faces Unprecedented Threats

 

Canada’s former ambassador to China, Guy Saint-Jacques, has issued a stark warning: Beijing’s interference in Canada’s democracy is more severe than ever. A recent report from the National Security and Intelligence Committee of Parliamentarians (NSICOP) alleges that sitting federal politicians are “witting” participants in foreign interference schemes. Despite these bombshell allegations, the government has yet to reveal their identities, citing intelligence concerns. Saint-Jacques emphasizes the need for a tougher approach, suggesting that evidence-based punishment should be applied where possible. Additionally, the proposed Bill C-70 aims to address foreign interference, but its implementation timeline remains uncertain. As Canada grapples with these challenges, safeguarding democratic processes becomes paramount.


Labels:

Comments

Post a Comment

Popular Posts