Book an intro call with Evan Neufeld, CFP®

Watch this episode on YouTube

Credit for the idea for this video goes to Aaron Hector from CWB Wealth.  You can find more of his insights on X and LinkedIn: 

https://x.com/AaronHectorCFP 

https://www.linkedin.com/in/aaronhector/

In this video, we discuss the recent changes announced by the Canadian government to income tax brackets and various benefits for 2025. These changes include a 2.7% increase to match inflation. While many benefits will see an increase, some elements such as the CPP death benefits and withholding tax system for RRIFs have remained unchanged for decades. Additionally, we examine other benefits like non-refundable tax credits, pension income amounts, and the Canada Education Savings Grant that have not kept up with inflation. Learn how these adjustments and untouched areas could affect your finances in the coming year.

Retirement Readiness Scorecard 🇨🇦

Looking to retire in the next 10 years or less (age 45+)?

Get your money organized - Your Full Financial Picture Spreadsheet