Budget Highlights & Other Announcements
*** PLEASE NOTE *** The April 2026 budget information and all other 2026 tax changes will be updated in January 2027
November 4, 2025 Federal Budget Highlights
See below for some of the main tax announcements. The entire 2025 federal budget can be read by clicking here.
First-Time Home Buyers’ GST/HST Rebate
Personal Support Workers Tax Credit
Canada Carbon Rebate. The budget proposes that no payments would be made for tax returns or adjustment requests filed after October 30, 2026.
Tax Brackets & Tax Rates - to view the 2025 (and previous years) federal and provincial tax brackets please click here.
May 15, 2025 Ontario Budget Highlights
Ontario Fertility Treatment Tax Credit
The budget does not change Ontario personal income tax rates.
April 16, 2024 Federal Budget Highlights
See below for some of the main tax announcements. The entire 2024 federal budget can be read by clicking here.
New Canada Carbon Rebate For Small Businesses
Home Buyers Plan Increased Withdrawal Limit
New Canadian Entrepreneurs’ Incentive
Increased Tax Credits For Volunteer Firefighters And Search And Rescue
Tax Brackets & Tax Rates - to view the 2024 (and previous years) federal and provincial tax brackets please click here.
March 26, 2024 Ontario Budget Highlights
The budget does not change Ontario personal income tax rates.
March 28, 2023 Federal Budget Highlights
See below for some of the main tax announcements. The entire 2023 federal budget can be read by clicking here.
First Home Savings Account (FHSA)
March 23, 2023 Ontario Budget Highlights
The budget does not change Ontario personal income tax rates.
April 7, 2022 Federal Budget Highlights
See below for some of the main tax announcements. The entire 2022 federal budget can be read by clicking here.
First-Time Home Buyers’ Tax Credit
Multigenerational Home Renovation Tax Credit
Home Accessibility Tax Credit (HATC)
April 28, 2022 Ontario Budget Highlights
Ontario Seniors Care At Home Tax Credit - a new refundable Ontario Seniors Care at Home Tax Credit was introduced to assist seniors living at home. The credit is calculated on eligible expenses for seniors who still live at home and receive home care from a nurse, attendant or other medical services. Click here for more details.
December 3, 2021 Climate Action Incentive Payments (CAIP)
Prior to 2021, the Climate Action Incentive was a refundable tax credit claimed annually on personal income tax returns. The CAIP will now be paid as a quarterly benefit. If you are entitled, you will automatically receive your CAIP four times a year, starting in July 2022. Click here for more details.