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On November 4, 2025, the federal government released the 2025 Budget “Building Canada Strong”, outlining new measures focused on housing, productivity, clean growth, and fiscal stability.

While no changes were made to personal or corporate tax rates, the budget introduces several important updates that affect both individuals and businesses, including:

• Immediate 100% write-off for eligible manufacturing and processing buildings
• Expanded SR&ED and clean economy tax credits
• Simplified rules for registered plans (RRSPs, TFSAs, RDSPs, etc.)
• New Top-Up and Personal Support Workers Tax Credits
• Elimination of the Underused Housing Tax and Luxury Tax on aircraft and vessels

Read our full commentary for detailed insights.