2025 Federal Tax Rates and Individual Credits
Автор: Sameer Alrishani
Загружено: 2026-02-06
Просмотров: 1
Описание: This video outlines the 2025 federal tax rates, credits, and financial thresholds applicable to individuals and corporations in Canada. It details graduated income tax brackets ranging from 15% to 33% and explains how the Basic Personal Amount varies based on a taxpayer's net income. The text provides specific criteria for various personal tax credits, including those for caregivers, disability, tuition, and medical expenses. Additionally, it covers retirement savings limits, capital gains deductions, and rules regarding employment insurance and pension contributions. Finally, the video includes administrative data such as prescribed interest rates for the Canada Revenue Agency and standardized limits for automobile expense deductions.
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