{"id":6858,"date":"2025-03-03T14:42:24","date_gmt":"2025-03-03T19:42:24","guid":{"rendered":"https:\/\/www.paulrioux.ca\/?p=6858\/"},"modified":"2026-04-14T14:48:20","modified_gmt":"2026-04-14T18:48:20","slug":"income-tax-and-financial-planning-news","status":"publish","type":"post","link":"https:\/\/www.paulrioux.ca\/en\/income-tax-and-financial-planning-news\/","title":{"rendered":"Income Tax and Financial Planning News 2025-2026"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1772060237737{margin-bottom: 0px !important;}&#8221;]\n<div style=\"clear: both;\"><\/div>\n<p>With the new tax season upon us, here are the main income tax and financial planning developments for 2025-2026.<\/p>\n<p>Enjoy your reading![\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221; el_class=&#8221;clear&#8221;]<strong>Tax and Financial Planning Guide<\/strong><\/p>\n<p>You can also consult our 2025-2026 Tax and Financial Planning Guide.<\/p>\n<p>This year, we have added several topics. For example, in the \u201cFuture Homeowners\u201d section (property transfer tax, GST holiday on new housing, and CMHC insurance). In addition, the section on persons with disabilities has been further developed.<\/p>\n<p>As mentioned previously, the Guide does not claim to be exhaustive. Each year, we add topics based on new developments and questions most frequently asked by our clients.[\/vc_cta][mk_divider el_class=&#8221;customClear&#8221;][vc_column_text css=&#8221;.vc_custom_1741054432488{margin-bottom: 0px !important;}&#8221;]\n<h2 id=\"table\">Table of Content<\/h2>\n[\/vc_column_text][vc_row_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1772659474342{margin-bottom: 0px !important;}&#8221;]<a href=\"#general\"><b>General<\/b><\/a><br \/>\n<a href=\"#general1\">Difficult times for the Canada Revenue Agency (CRA)<\/a><br \/>\n<a href=\"#general2\">Medical expenses<\/a><br \/>\n<a href=\"#general3\">Political contributions<\/a><br \/>\n<a href=\"#general4\">Luxury tax on aircrafts and boats<\/a><br \/>\n<a href=\"#general5\">Tax on unused dwellings abolished<\/a><br \/>\n<a href=\"#general6\">Production of personal tax returns by the CRA<\/a><\/p>\n<p><a href=\"#families\"><b>Families<\/b><\/a><br \/>\n<a href=\"#families1\">Parental union<\/a><br \/>\n<a href=\"#families2\">Childcare expenses (Quebec)<\/a><br \/>\n<a href=\"#families3\">Parental leave<\/a><\/p>\n<p><a href=\"#future-owners\"><b>Future owners<\/b><\/a><br \/>\n<a href=\"#future-owners1\">GST and QST refunds on new housing<\/a>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1772660615334{margin-bottom: 0px !important;}&#8221;]<a href=\"#investments\"><b>Investments<\/b><\/a><br \/>\n<a href=\"#investments1\">Alternative minimum tax (AMT)<\/a><br \/>\n<a href=\"#investments2\">Obligation to report foreign property<\/a><br \/>\n<a href=\"#investments3\">Abolition of the additional capital gains exemption on flow-through shares<\/a><\/p>\n<p><a href=\"#retirees\"><b>Retirees<\/b><\/a><br \/>\n<a href=\"#retirees1\">Tax credit for career extension<\/a><br \/>\n<a href=\"#retirees2\">Quebec Life Income Fund (LIF)<\/a><br \/>\n<a href=\"#retirees3\">Advance life deferred annuity (ALDA)<\/a><\/p>\n<p><a href=\"#elders\"><b>Elders<\/b><\/a><br \/>\n<a href=\"#elders1\">Home accessibility Tax Credit<\/a><\/p>\n<p><a href=\"#disabled-persons\"><b>Disabled persons<\/b><\/a><br \/>\n<a href=\"#disabled-persons1\">Canada Disability Benefit (200$ \/ Monthly)<\/a>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1771276367530{margin-bottom: 0px !important;}&#8221;]\n<h3>PDF Versions<\/h3>\n[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; letter_spacing=&#8221;0&#8243; icon=&#8221;mk-icon-file-pdf-o&#8221; url=&#8221;\/wp-content\/uploads\/2026\/04\/paul-rioux-income-tax-and-financial-planning-news-2025-2026.pdf&#8221; button_custom_width=&#8221;0&#8243; margin_top=&#8221;0&#8243; margin_bottom=&#8221;15&#8243; margin_right=&#8221;15&#8243;]2025-2026[\/mk_button][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-file-pdf-o&#8221; url=&#8221;\/wp-content\/uploads\/2025\/03\/paul-rioux-income-tax-and-financial-planning-news-2024-2025.pdf&#8221;]2024-2025[\/mk_button][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; icon=&#8221;mk-icon-file-pdf-o&#8221; url=&#8221;\/wp-content\/uploads\/2026\/02\/paul-rioux-income-tax-and-financial-planning-news-2023-2024.pdf&#8221;]2023-2024[\/mk_button][mk_divider el_class=&#8221;customClear&#8221;][vc_column_text css=&#8221;.vc_custom_1772659593666{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"general\"><strong>General<\/strong><\/h3>\n<h4 id=\"general1\">Difficult times for the Canada Revenue Agency (CRA)<\/h4>\n<p><strong>Auditor General&#8217;s Report on CRA Call Centers<\/strong><\/p>\n<p>On October 21, 2025, Auditor General Karen Hogan released her report on, among other subjects, the quality of services provided to taxpayers by the CRA&#8217;s 8 call centers for the 2024-2025 fiscal year.<\/p>\n<p>Below are the highlights of the report.<\/p>\n<ul>\n<li><strong>Only 17% of answers to general questions about personal income tax were accurate <\/strong><\/li>\n<\/ul>\n<p>(54% for questions about business income tax).[\/vc_column_text][vc_single_image image=&#8221;8298&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772132777980{margin-bottom: 0px !important;}&#8221;]\n<ul>\n<li>One likely reason for the low rate of correct answers is that agent evaluations focused more on the respect of schedules than on the accuracy of answers. <strong>Less than 9% of agent evaluation scores related to the accuracy of information provided to taxpayers.<\/strong><\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8299&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772133160121{margin-bottom: 0px !important;}&#8221;]\n<ul>\n<li><strong>The 8 call centers across the country received 32 million calls, of which only 10 million were answered by a CRA agent<\/strong>. In addition, in the fall of 2024, the CRA introduced call forwarding to the self-service option (interactive voice response system) without offering taxpayers the option of speaking to an agent.<\/li>\n<li>Although the number of calls increased by 30% between 2023-2024 and 2024-2025,<strong> the total number of calls handled by agents decreased by 17%<\/strong> over the same period. The increase in the number of calls is mainly due to:\n<ul>\n<li>Population growth<\/li>\n<li>Complexity and frequent changes in tax measures<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8300&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772133428712{margin-bottom: 0px !important;}&#8221;]\n<ul>\n<li><strong>The average wait time before speaking to an agent was 32.6 minutes, almost twice as long as the previous year<\/strong>. The goal was to be able to answer 65% of calls in less than 15 minutes. However, only 18% of calls were answered in less than 15 minutes.<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8301&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772654277966{margin-bottom: 0px !important;}&#8221;]\n<ul>\n<li><strong>Administration of new tax measures<\/strong>In addition to the call center issues identified by the Auditor General, the CRA has experienced numerous problems in administering new tax measures.For example, we all remember the saga surrounding the proposed changes to the capital gains inclusion rate from 50% to 66.66%, which were never adopted. This caused harm to many taxpayers who anticipated selling stocks to avoid a possible increase in the inclusion rate.Another example is the requirement for Canadian companies owning real estate in Canada to file complex forms in 2023 relating to the properties they owned, even though the new measures were aimed at unrented properties owned by Canadian non-residents. The measure was amended the following year to exclude Canadian companies and was completely abandoned in 2025.In reports published in 2024-2025, the Joint Committee on Taxation formed by the Canadian Bar Association and Chartered Professional Accountants Canada expressed concern about the flurry of changes and called for the adoption of framework legislation with strict guidelines to prevent, among other things, the CRA from administering changes that Parliament has not yet adopted.<strong>Processing delays<\/strong>Since the pandemic, there has been a slowdown in the processing of various types of follow-ups by the CRA.For example:\n<ul>\n<li>Requests for tax return adjustments (up to one year)<\/li>\n<li>Follow-ups on audits conducted by the CRA<\/li>\n<li>Processing of notices of objection (up to two years)<\/li>\n<\/ul>\n<p>Another problem arose during the 2024 personal tax season when the CONNECT system was not operational. This system is very useful to tax preparers, as it provides access to tax slips issued by employers (T4), financial institutions (T3, T5), governments (RRQ, PSV), etc. during the personal tax season.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Any improvement in sight?<\/strong><\/li>\n<\/ul>\n[\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221; el_class=&#8221;clear&#8221;]Tax preparers had to deal with longer processing delays by the CRA, which unfortunately had an impact on their clients.<\/p>\n<p>Thanks for your patience on that matter.[\/vc_cta][vc_column_text css=&#8221;.vc_custom_1772659632199{margin-bottom: 0px !important;}&#8221;]Last fall, Federal Finance Minister Fran\u00e7ois-Philippe Champagne asked the CRA to take concrete steps within 100 days to address taxpayers&#8217; access issues and improve service quality. Let&#8217;s hope the message was heard.<\/p>\n<h4 id=\"general2\">Medical expenses<\/h4>\n<p>Starting January 1, 2026, only medical expenses for practitioners who are members of a professional order in Quebec will be eligible for the medical expense tax credit.<\/p>\n<p>Thus, starting in 2026, the following expenses will be excluded, as they already were at the federal level.<\/p>\n<ul>\n<li>Homeopathy<\/li>\n<li>Naturopathy<\/li>\n<li>Osteopathy<\/li>\n<li>Herbalist<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8302&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772659660092{margin-bottom: 0px !important;}&#8221;]For the complete list, you can consult the CRA by clicking on the following link:<\/p>\n<p><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/about-your-tax-return\/tax-return\/completing-a-tax-return\/deductions-credits-expenses\/lines-33099-33199-eligible-medical-expenses-you-claim-on-your-tax-return.html\">https:\/\/www.canada.ca\/en\/revenue-agency\/services\/tax\/individuals\/topics\/about-your-tax-return\/tax-return\/completing-a-tax-return\/deductions-credits-expenses\/lines-33099-33199-eligible-medical-expenses-you-claim-on-your-tax-return.html<\/a><\/p>\n<h4 id=\"general3\">Political contributions (Quebec)<\/h4>\n<p><strong>\u00a0<\/strong>Starting in 2026, <strong>municipal political contributions will no longer be eligible for a tax credit<\/strong>. It should be noted that since 2013, political contributions to provincial parties have no longer been eligible for tax credits. Thus, starting in 2026, only political contributions to federal parties will be eligible for a tax credit on federal tax returns.[\/vc_column_text][vc_single_image image=&#8221;8303&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772659676691{margin-bottom: 0px !important;}&#8221;]\n<h4 id=\"general4\">Luxury tax on aircraft and boats<\/h4>\n<p>The federal government is abolishing the luxury tax on aircraft and boats acquired after the budget date, November 4, 2025. However, it remains in effect for automobiles.<\/p>\n<p>The tax is equal to the lesser of:<\/p>\n<ul>\n<li>20% of the amount over $100,000<\/li>\n<li>10% of the value of the property<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8304&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772659713852{margin-bottom: 0px !important;}&#8221;]\n<h4 id=\"general5\">Tax on unused dwellings abolished<\/h4>\n<p>This measure, introduced in 2022 with the aim of reducing real estate speculation, will be eliminated as of 2025. It will therefore not be necessary to file Form UHT-2900E in 2025.<\/p>\n<h4 id=\"general6\">Production of personal tax returns by the CRA<\/h4>\n<p>Individuals must generally file a tax return to receive available benefits (e.g., Old Age Security pension) and credits (e.g., GST rebate).<\/p>\n<p>To ensure that low-income individuals receive the benefits and credits to which they are entitled, the CRA plans to file their tax returns when all the following conditions are met:<\/p>\n<ul>\n<li>The individual&#8217;s taxable income is less than the basic personal credit amount ($16,129 in 2025).<\/li>\n<li>At least once in the previous three years, the individual did not file a tax return.<\/li>\n<li>The individual did not file a return for the last tax year as of June 30.<\/li>\n<\/ul>\n<p>The CRA has access to all of the individual&#8217;s income.[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660018526{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"families\">Families<\/h3>\n<h4 id=\"families1\">Parental union<\/h4>\n<p>It should be noted that the new parental union regime will automatically apply to common-law spouses who have children together born after <strong>June 29, 2025<\/strong>. This new measure is not retroactive, so couples who have children before that date will not be affected by the new Act.<\/p>\n<p><strong>Highlights of the new regime<\/strong><\/p>\n<ul>\n<li><strong>Parental union patrimony<\/strong><\/li>\n<\/ul>\n<p>The plan provides for the creation of a new parental union patrimony, the value of which can be shared 50%\/50% between the spouses in the event of separation or death.[\/vc_column_text][vc_single_image image=&#8221;8305&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772135132334{margin-bottom: 0px !important;}&#8221;]Unlike the <em>Loi sur le partage du patrimoine familial<\/em> or <em>the Regime de soci\u00e9t\u00e9 d&#8217;acqu\u00eats<\/em> in the case of married couples, <strong>pension plans (RRSPs and employer-sponsored pension plans) are not covered<\/strong> by the new parental union plan.<\/p>\n<ul>\n<li><strong>Temporary right to use the family home<\/strong><\/li>\n<\/ul>\n<p>In the event of separation, the spouse with custody of the children may remain in the family home for a certain period of time, to ensure a smoother transition for the children.<\/p>\n<ul>\n<li><strong>Death<\/strong><\/li>\n<\/ul>\n<p>In the case of an estate without will (<em>ab intestate)<\/em>, a spouse in a parental union will now be recognized as a legal heir if they have been living together for more than a year.[\/vc_column_text][vc_single_image image=&#8221;8306&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772660055889{margin-bottom: 0px !important;}&#8221;]\n<ul>\n<li><strong>Compensatory allowance<\/strong><\/li>\n<\/ul>\n<p>The new regime favors payment of compensatory payment rather than spousal support. In the event of separation or even death, a spouse may apply to the court for an allowance in recognition of his or her impoverishment due to his or her contribution to the enrichment of the other spouse.<\/p>\n<ul>\n<li><strong>Renunciation to the new regime<\/strong><\/li>\n<\/ul>\n<p>The spouses will be allowed to renounce by mutual agreement in a notarial deed to the application of the provisions of the new plan within 90 days after the beginning of the parental union (i.e.: at the birth of a child after June 29, 2025). In this case, parental union patrimony is presumed never have been constituted.<\/p>\n<p>Spouses in a parental union will also be able to choose by mutual agreement in a notarial deed to exclude certain assets otherwise included in the parental union patrimony (e.g. residences, furniture, automobiles).<\/p>\n<h4 id=\"families2\">Childcare expenses (Quebec)<\/h4>\n<p>In his March 25, 2025 budget, Quebec\u2019s Finance Minister Eric Girard announced that the age of eligibility for the child care tax credit will be reduced from <strong>16 to 14 starting in the 2026 tax year<\/strong>.[\/vc_column_text][vc_single_image image=&#8221;8307&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772660097082{margin-bottom: 0px !important;}&#8221;]\n<h4 id=\"families3\">Parental Leave<\/h4>\n<p><strong>FMSQ<\/strong><\/p>\n<p>Weekly maternity leave benefits will increase from $2,400 to $3,000 per week in 2026 for a maximum of 12 weeks. The supplement for physicians practicing in private practice will increase from $1,000 to $1,500 per week for a maximum payable of 12 weeks.<\/p>\n<p>In addition, paternity (or parent who did not give birth) and adoption benefits are also available at a maximum weekly amount of $3,000 for a period of 6 weeks.<\/p>\n<p><strong>FMOQ<\/strong><\/p>\n<p>Maternity benefits remain at $1,809 per week for 12 weeks.<\/p>\n<p>The supplement for physicians in private practice is $802 per week for 12 weeks.<\/p>\n<p>Please note that the FMOQ does not offer paternity leave.[\/vc_column_text][vc_single_image image=&#8221;8308&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660142428{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"future-owners\">Futur owners<\/h3>\n<h4 id=\"future-owners1\">GST and QST refunds on new housing<\/h4>\n<p><strong>First-time buyers of new homes<\/strong><\/p>\n<p>On May 27, 2025, the Minister of Finance of the federal government, the Honorable Fran\u00e7ois-Philippe Champagne, announced that the federal government is eliminating the 5% GST for buyers of a new first home valued at less than $1 million, representing a maximum saving of $50,000 ($5% x $1,000,000).<\/p>\n<p>For homes valued between $1 million and $1.5 million, buyers will be entitled to a rebate that will gradually decrease to $0 when the value of the home reaches $1.5 million.<\/p>\n<p>This measure is intended to reduce the cost of buying a first home and stimulate new home construction. It is one of a series of recent measures to facilitate first-time home purchases, such as the introduction of the TFSA and the increase in the Home Buyers&#8217; Plan (HBP) limit to $60,000.<\/p>\n<p>The following table illustrates this new measure.[\/vc_column_text][vc_single_image image=&#8221;8309&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772138201496{margin-bottom: 0px !important;}&#8221;]<strong>Eligible individuals<\/strong><\/p>\n<p>To be eligible for the new program, an individual must generally:<\/p>\n<ul>\n<li>Be at least 18 years of age;<\/li>\n<li>Be a Canadian citizen or permanent resident of Canada;<\/li>\n<\/ul>\n<p>Not have lived in a home <strong>in Canada<\/strong> or abroad that they or their spouse owned <strong>in the previous year or in any of the previous four calendar years<\/strong>.<\/p>\n<p><strong>Eligible dwellings<\/strong><\/p>\n<p>The following conditions must generally be met:<\/p>\n<ul>\n<li>The buyer intends to make this dwelling his or her primary residence;<\/li>\n<li>In the case of a purchase, the contract is signed between May 27, 2025 and December 31<sup>st<\/sup>, 2030 and construction begins before 2031 and is completed before 2036;<\/li>\n<li>In the case of a home built by the owner, construction began between May 27, 2025 and December 31<sup>st<\/sup>, 2030 and is substantially completed before 2036.<\/li>\n<\/ul>\n<p><strong>Quebec (QST)<\/strong><\/p>\n<p>The Quebec government has not announced any changes to the provincial sales tax (QST) rebate program for the purchase of new homes.<\/p>\n<p>Under current rules, buyers of new homes valued at $200,000 or less are entitled to a 50% QST rebate. The maximum rebate of $9,975 ($200,000 x 9.975% x 50%) is gradually reduced for homes valued between $200,000 and $300,000.<\/p>\n<p>The following table illustrates the amount of GST-QST for first-time buyers of a new home considering the effect of the new federal measure.[\/vc_column_text][vc_single_image image=&#8221;8338&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772138525630{margin-bottom: 0px !important;}&#8221;]<strong>Buyers of a new home that is not their first home<\/strong><\/p>\n<p>Buyers of a new home that is not their first home are entitled to the following refunds:[\/vc_column_text][vc_single_image image=&#8221;8311&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772138536402{margin-bottom: 0px !important;}&#8221;]The following table shows the combined GST-QST amount for a buyer of a new home that is not their first home, based on the value of the property:[\/vc_column_text][vc_single_image image=&#8221;8339&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772656157736{margin-bottom: 0px !important;}&#8221;]Following the increase in house prices, the following graph shows that the number of requests for refunds is trending downward, given that refunds are reduced starting at a value of $450,000 at the federal level and $300,000 in Quebec.<\/p>\n<p>We note indeed that the annual number of QST refund claims has fallen from over 25,000 in 2010 to less than<\/p>\n<p>2,500 in 2024.[\/vc_column_text][vc_single_image image=&#8221;8313&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772138699944{margin-bottom: 0px !important;}&#8221;]<strong>Eligible dwellings<\/strong><\/p>\n<p>The property must be purchased to serve as the primary residence of one of the buyers or one of their relatives.<\/p>\n<p>For example:<\/p>\n<ul>\n<li>Child, grandchild;<\/li>\n<li>Father, mother, grandfather, grandmother;<\/li>\n<li>Brothers, sisters.<\/li>\n<\/ul>\n<p><strong>Property value<\/strong><\/p>\n<p>For the purposes of calculating the GST or QST rebate, the value of the property takes into account the following items, where applicable:<\/p>\n<ul>\n<li>Built-in appliances<\/li>\n<li>In-ground swimming pools<\/li>\n<li>Attached garages<\/li>\n<li>Landscaping<\/li>\n<\/ul>\n<p>It should be noted that a GST\/QST refund may be requested for a duplex in which the buyer resides, but the total value of the duplex must be taken into account for calculation purposes, which generally reduces the potential refund to zero.<\/p>\n<p><strong>Refund requests<\/strong><strong>\u00a0<\/strong><\/p>\n<p><strong>Property purchased from a builder <\/strong><\/p>\n<ul>\n<li>Request by the manufacturer<\/li>\n<\/ul>\n<p>It is usually the manufacturer who makes the request and reduces the purchase price accordingly. In this case, the manufacturer completes form FP-2190.AC and has it signed by the buyer.<\/p>\n<p><a href=\"https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-ac\/\">https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-ac\/<\/a><\/p>\n<ul>\n<li>Request by the buyer<\/li>\n<\/ul>\n<p>Form FP-2190.P must be submitted to Revenu Qu\u00e9bec within two years of the transfer of ownership.<\/p>\n<p><a href=\"https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-p\/\">https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-p\/<\/a><\/p>\n<p><strong>Property built by the individual themselves<\/strong><\/p>\n<p>Form FP-2190.P must be filed with Revenu Qu\u00e9bec within a period following the day on which the owner begins to occupy the property.<\/p>\n<p><a href=\"https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-p\/\">https:\/\/www.revenuquebec.ca\/fr\/services-en-ligne\/formulaires-et-publications\/details-courant\/fp-2190-p\/<\/a>[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660184446{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"investments\">Investments<\/h3>\n<h4 id=\"investments1\">Alternative minimum tax (AMT)<\/h4>\n<p>Remember that the new rules for calculating the alternative minimum tax (AMT) came into effect in 2024.<\/p>\n<p>These rules affect mostly individuals who realize significant capital gains, as illustrated in the table below.[\/vc_column_text][vc_single_image image=&#8221;8324&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772660217590{margin-bottom: 0px !important;}&#8221;]Remember that the additional tax owed to the AMT can be recovered in the subsequent years if the regular tax exceeds the minimum tax during the year.<\/p>\n<p>In addition, it should be noted that the AMT does not apply to the year of death.<\/p>\n<p>Other examples of situations where the AMT could apply:<\/p>\n<ul>\n<li>Purchase of significant amounts of flow-through shares<\/li>\n<li>Trusts that deduct interest expenses<\/li>\n<\/ul>\n<h4 id=\"investments2\">Obligation to report foreign property (Quebec \u2013 Form TP-1079.8.BE)<\/h4>\n<p>Starting in 2025, the <em>Foreign Property Return<\/em> form (TP-1079.8.BE) must be completed when holding foreign property with a total cost exceeding $100,000.<\/p>\n<p>The rules are essentially the same as those for filing the federal <em>Foreign Income Verification Statement<\/em> (T1135) form, which has been in existence for nearly 30 years (since 1997).<\/p>\n<p>Both forms are filled with the personal tax returns.<\/p>\n<h4 id=\"investments3\">Abolition of the additional capital gains exemption on flow-through shares<\/h4>\n<p>The additional capital gains exemption is abolished for sales of flow-through shares made after March 25, 2025.<\/p>\n<p>It should be noted that this capital gains exemption could be claimed, within certain limits, on the sale of flow-through shares issued by companies engaged in mining operations in Quebec.<\/p>\n<p>In addition, additional deductions for certain mining exploration expenses in Quebec are eliminated for flow-through share sales made after March 25.[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660299131{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"retirees\">Retirees<\/h3>\n<h4 id=\"retirees1\">Tax credit for career extension<\/h4>\n<p>Starting in 2025, workers aged 60 to 64 will no longer be eligible for the tax credit for career extension. The following table illustrates the terms and conditions of the non-refundable credit for workers aged 65 and over, which has a maximum value of $1,750.[\/vc_column_text][vc_single_image image=&#8221;8325&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772660384502{margin-bottom: 0px !important;}&#8221;]\n<h4 id=\"retirees3\">Advance life deferred annuity (ALDA)<\/h4>\n<p>This is not entirely new. Although this new tax strategy has been available since January 1, 2020, it was not offered by insurers until recently. To our knowledge, only Desjardins Assurance offers this program at this time.<\/p>\n<p><strong>Goal<\/strong><\/p>\n<p>The aim of this new measure is to insure, in terms used by an actuary, the survival risk, i.e. the risk of living a long life. It is somewhat ironic to describe the chance of living a long life as a \u201csurvival risk.\u201d<\/p>\n<p><strong>Operation<\/strong><\/p>\n<p>This new measure allows for a tax-free withdrawal from an RRSP or RRIF to purchase a deferred life annuity starting no later than age 85.<\/p>\n<p>It should be noted that the purchase of a deferred life annuity can also be made by withdrawing from a Profit Sharing Plan (PSP) or a Defined Contribution Pension Plan.<\/p>\n<p><strong>Limits<\/strong><\/p>\n<p>The maximum amount that can be withdrawn from an RRSP or RRIF is the greater of:<\/p>\n<ul>\n<li>25% of the value of the RRSP<\/li>\n<li>$180,000 in 2025<\/li>\n<\/ul>\n<p>The $180,000 limit is indexed in increments of $10,000 based on the consumer price index. Since its introduction in 2020, the limit has increased as follows:[\/vc_column_text][vc_single_image image=&#8221;8326&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772566106296{margin-bottom: 0px !important;}&#8221;]An increase in a deferred life annuity could be considered when converting an RRSP to a RRIF for individuals who do not need the full amount of the minimum withdrawals required from the RRIF. Remember that RRSPs must be converted to RRIFs no later than December 31 of the year in which a person reaches age 71. The first mandatory RRIF withdrawals (5.40% of the RRIF value) begin in the year following the transfer from the RRSP to the RRIF.<\/p>\n<p>The following table illustrates the impact of this strategy based on the following assumptions:<\/p>\n<ul>\n<li>Couple aged 70 in 2025<\/li>\n<li>Purchase at age 70 of a deferred life annuity for an amount of $100,000, or 25% of the $400,000 RRIF<\/li>\n<li>Payments deferred for 10 years, beginning in 2035 (payable to spouse in case of death)<\/li>\n<li>Conversion of RRSP to RRIF at age 71<\/li>\n<li>Start of mandatory minimum withdrawals at age 72<\/li>\n<li>Return of 3.40% on RRIF investments<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8327&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772566168998{margin-bottom: 0px !important;}&#8221;]<strong>Deferred life annuities (Desjardins Assurances Program)<\/strong><\/p>\n<p>The annuity must be purchased before the year in which the annuitant reaches age 71 (except for transfers from a RRIF, which can be done later).<\/p>\n<p>Annuity payments must begin no later than the end of the year in which the annuitant reaches age 85.<\/p>\n<p>The following tables provide examples of life annuities that could be purchased with $100,000 in capital.<\/p>\n<p>It is important to note that these have been calculated based on economic conditions existing in January 2026 and that annuity amounts purchased in the future may differ depending on market conditions at the time of purchase.<\/p>\n<p>Once the annuity has been purchased, the differed annuity amount will not vary based on market conditions.[\/vc_column_text][vc_single_image image=&#8221;8328&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772566211277{margin-bottom: 0px !important;}&#8221;]<strong>Payback Period<\/strong><\/p>\n<p>How many years of payments are required for a deferred annuity to recover the initial capital invested?<\/p>\n<p>Assuming that the initial capital and the annuity payments are invested at a rate of return of 3.40% (fixed income), the initial capital would be recovered approximately between the ages of 91 and 95, depending on the age at which the annuity was purchased.[\/vc_column_text][vc_single_image image=&#8221;8329&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772566453424{margin-bottom: 0px !important;}&#8221;]<strong>Strategies<\/strong><\/p>\n<p>Deferred annuities could be considered mainly in the following situations.<\/p>\n<ul>\n<li>Preserve the Old Age Security Pension (OAS)<\/li>\n<\/ul>\n<p>Purchasing a deferred life annuity could be advantageous if it reduces the partner&#8217;s net income that would fall within the OAS reduction zone, i.e., from $93,454 to approximately $155,000.<\/p>\n<p>This is because, above this threshold, the Old Age Security (OAS) pension is gradually repaid based on individual net income when tax returns are filed, and is completely repaid when net income reaches approximately $155,000. The tax rate on amounts earned in this income bracket ($95,000 to $150,000), taking into account the effect on the OAS reduction, is in the range of 50% to 55%, considering the effect of the OAS slope.<\/p>\n<ul>\n<li>Stabilize income in the event of the death of a spouse<\/li>\n<\/ul>\n<p>Following the death of the first spouse, the deferred annuity could help compensate for the couple&#8217;s loss of income in order to provide security for the surviving spouse.<\/p>\n<ul>\n<li>Cover additional costs associated with advanced age\n<ul>\n<li>Home adaptations following a loss of independence<\/li>\n<li>Housekeeping and landscaping<\/li>\n<li>Personal and medical care<\/li>\n<li>Preparing for home support<\/li>\n<li>Etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n[\/vc_column_text][vc_single_image image=&#8221;8330&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772566539609{margin-bottom: 0px !important;}&#8221;]It should be noted that in all cases of death, the retiree and\/or the estate will recover at least the capital invested in the purchase of the deferred annuity, either in the form of annuity payments already received and\/or a refund.[\/vc_column_text][vc_single_image image=&#8221;8331&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772660329560{margin-bottom: 0px !important;}&#8221;]<strong>Penalties<\/strong><\/p>\n<p>A penalty of 1% per month applies to the amount withdrawn from the RRSP to purchase the deferred annuity that exceeds the maximum amount allowed, which is the lesser of:<\/p>\n<ul>\n<li>25% of the value of the RRSP<\/li>\n<li>$180,000 (in 2025)<\/li>\n<\/ul>\n<p><strong>Form T2157<\/strong><\/p>\n<p>In order to complete the transfer to acquire the annuity, form T2157 must be completed:<\/p>\n<p><a href=\"https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/forms\/t2157.html\">https:\/\/www.canada.ca\/en\/revenue-agency\/services\/forms-publications\/forms\/t2157.html<\/a><\/p>\n<h4 id=\"retirees2\">Quebec Life Income Fund (LIF)<\/h4>\n<p><strong>Abolition of maximum withdrawal limits starting at age 55<\/strong><\/p>\n<p><strong>What is an LIF?<\/strong><\/p>\n<p>First, let&#8217;s review the circumstances under which an LIF is generally established.<\/p>\n<p>A worker whose employer is under Quebec jurisdiction and who leaves his or her job may, under certain conditions, transfer the accumulated value of their employer&#8217;s pension plan to a personal retirement vehicle.<\/p>\n<p>The funds will then be transferred to a locked-in retirement account (LIRA). Upon retirement, the funds may be transferred from the LIRA to the LIF, among other options.<\/p>\n<p><strong>Employer under Quebec or federal jurisdiction?<\/strong><\/p>\n<p>Please note that the following comments concern LIFs for workers whose employer is under Quebec jurisdiction, which represents the majority of businesses in Quebec. For example, retailers, manufacturers, professionals, builders, etc.<\/p>\n<p>Companies operating in sectors such as financial institutions, transportation (air, marine), postal services, and communications are under federal jurisdiction, and other rules apply.[\/vc_column_text][vc_single_image image=&#8221;8332&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772567991696{margin-bottom: 0px !important;}&#8221;]<strong>Mandatory withdrawals from the LIF<\/strong><\/p>\n<p>Once the funds have been transferred to the LIF, mandatory minimum and maximum withdrawals begin.<\/p>\n<p>Until 2024, maximum withdrawals from the LIF starting at age 55 were around 5% and gradually increased with age to reach nearly 10% at age 80 and 20% at age 90.[\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221; el_class=&#8221;clear&#8221;]Starting in 2025, there will no longer be maximum withdrawal limits from LIFs for individuals aged 55 and older. Minimum withdrawals, which are similar to those from a Registered Retirement Income Fund (RRIF), remain unchanged.[\/vc_cta][vc_column_text css=&#8221;.vc_custom_1772568045329{margin-bottom: 0px !important;}&#8221;]This new measure is generally welcomed by financial advisors, as it will offer more flexibility in retirement income planning. For example, for pension income splitting or to allow individuals to defer public pensions (QPP and Old Age Security).<\/p>\n<p>The following table illustrates the minimum withdrawal percentages relative to the value of the LIF according to age.[\/vc_column_text][vc_single_image image=&#8221;8333&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772568238860{margin-bottom: 0px !important;}&#8221;]It should be noted that CRI funds could also be used to purchase a life annuity rather than transferring them to an LIF.<\/p>\n<p><strong>Other considerations<\/strong><\/p>\n<ul>\n<li>Financial institutions that manage LIFs will be required to provide the following information to their clients aged 55 and over as of January 1, 2025:<\/li>\n<li>Elimination of maximum withdrawal limits<\/li>\n<li>An estimate of the annual lifetime income that could be generated from their LIF to give an indication of the annual amount they could receive over their lifetime if they comply with this amount<\/li>\n<li>Inability to transfer funds directly from the LIF to an RRSP or RRIF. The purpose of this measure is to maintain the priority of transferring funds to a spouse in the event of death<\/li>\n<li>The LIF de-immobilization strategy commonly known as \u201cFlip Flop\u201d will no longer be permitted and will be unnecessary in any case given the abolition of maximum withdrawal limits. We welcome the disappearance of this strategy. In fact, we generally found it to be of little use and it was often the subject of tax audits, which resulted in numerous penalties for excess RRSP contributions due to the difficulty of tracking RRSP carry-forward balances by both individuals and their accountants.<\/li>\n<\/ul>\n<p><strong>Individuals under the age of 55<\/strong><\/p>\n<p>The maximum FRV withdrawal limit for individuals under age 55 is increased to 50% of the Maximum pensionable earnings for QPP purposes which amount to $35,150 (50% x $ 71,300) in 2025, minus 100% of other income for the year.<\/p>\n<p><strong>LIF federal jurisdictions<\/strong><\/p>\n<p>Federal jurisdiction LIFs remain subject to maximum withdrawal limits, unlike Quebec LIFs, which no longer have maximum withdrawal limits after age 55. The minimum withdrawals from an LIF are identical to those from a Registered Retirement Income Fund (RRIF).[\/vc_column_text][vc_single_image image=&#8221;8334&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660414290{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"elders\">Elders<\/h3>\n<h4 id=\"elders1\">Home Accessibility Tax Credit<\/h4>\n<p>Starting in 2026, expenses eligible for the medical expense credit will no longer be eligible for the home accessibility credit for people aged 65 and over.<\/p>\n<p>Remember that the following expenses are eligible for the home accessibility credit:<\/p>\n<ul>\n<li>Ramps for wheelchairs;<\/li>\n<li>Bathtubs with doors;<\/li>\n<li>Grab bars;<\/li>\n<li>Mechanical stair lifts.<\/li>\n<\/ul>\n<p>Expenses for routine maintenance (painting, housework), renovations, or furniture purchases are not eligible.[\/vc_column_text][vc_single_image image=&#8221;8335&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][mk_divider style=&#8221;thin_solid&#8221; margin_top=&#8221;80&#8243;][vc_column_text css=&#8221;.vc_custom_1772660472209{margin-bottom: 0px !important;}&#8221;]\n<h3 id=\"disabled-persons\">Disabled persons<\/h3>\n<h4 id=\"disabled-persons1\">Canada Disability Benefit ($200\/month)<\/h4>\n<p>To help people with disabilities who face additional expenses due to their situation, the federal government has introduced the Canada Disability Benefit (CDB).<\/p>\n<p><strong>Amount of the benefit<\/strong><\/p>\n<p>The maximum amount of payments is <strong>$200 per month<\/strong>, for a total of $2,400 per year, payable starting in July 2025.<\/p>\n<p>It should be noted that the benefit is non-taxable and should not affect other programs offered by the federal government or the province of Quebec.<\/p>\n<p><strong>Eligibility for benefits<\/strong><\/p>\n<p>The main eligibility criteria are as follows:<\/p>\n<ul>\n<li>Be approved for the Disability Tax Credit (DTC \u2013 Form T2201)<\/li>\n<li>Be between 18 and 64 years old<\/li>\n<li>Be a Canadian resident<\/li>\n<li>Have filed a tax return<\/li>\n<\/ul>\n<p><strong>Income-based reduction of benefits<\/strong><\/p>\n<p>The amount of the benefit is gradually reduced when net income exceeds certain thresholds, as illustrated in the following table.[\/vc_column_text][vc_single_image image=&#8221;8336&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221; css=&#8221;&#8221;][vc_column_text css=&#8221;.vc_custom_1772656497518{margin-bottom: 0px !important;}&#8221;]<strong>To submit a request<\/strong><\/p>\n<p>You can submit a request in one of the following ways:<\/p>\n<ul>\n<li>Call 1-833-486-3007<\/li>\n<li>Complete form SC CDB0004 or CDB0005 (if completed by a legal representative)<\/li>\n<\/ul>\n<p>o\u00a0\u00a0\u00a0 Online: <a href=\"https:\/\/catalogue.servicecanada.gc.ca\/content\/EForms\/fr\/Detail.html?Form=CDB0004\">https:\/\/catalogue.servicecanada.gc.ca\/content\/EForms\/fr\/Detail.html?Form=CDB0004<\/a><\/p>\n<p>o\u00a0\u00a0\u00a0 Fax: 1-833-467-2700<\/p>\n<p>o\u00a0\u00a0\u00a0 Mail to:<\/p>\n<p style=\"padding-left: 40px;\">Service Canada Center<br \/>\nPCPH Processing Center<br \/>\nP.O. Box 60<br \/>\nBoucherville, QC<br \/>\nJ4B 5E6<\/p>\n<p>Once approval has been obtained, payments can be made retroactively for a period of 24 months from the program&#8217;s effective date (July 2025).<\/p>\n<p>You will mainly need the following information:<\/p>\n<ul>\n<li>Social Security number<\/li>\n<li>Net income from your 2024 tax return (line 23600)<\/li>\n<\/ul>\n<p>If the request is made by a legal representative, proof of authorization must be provided.<\/p>\n<p>For example:<\/p>\n<ul>\n<li>Court order<\/li>\n<li>Protection mandate<\/li>\n<li>Identification document (e.g., driver&#8217;s license, passport)<\/li>\n<li>Correspondence from an organization that recognizes you as a legal representative<\/li>\n<\/ul>\n<p><strong>Finautonome<\/strong><\/p>\n<p>Below is a link to the Finautonome website.<\/p>\n<p><a href=\"https:\/\/www.finautonome.org\/\">https:\/\/www.finautonome.org\/<\/a><\/p>\n<p>Finautonome is a non-profit organization whose mission is to support people with disabilities and caregivers in the ___ of the various people available (social assistance, taxation, RDSP, etc.).[\/vc_column_text][mk_button dimension=&#8221;two&#8221; corner_style=&#8221;rounded&#8221; size=&#8221;large&#8221; url=&#8221;#table&#8221;]Back to the Table of Content[\/mk_button][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1772060237737{margin-bottom: 0px !important;}&#8221;] With the new tax season upon us, here are the main income tax and financial planning developments for 2025-2026. Enjoy your reading![\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221; el_class=&#8221;clear&#8221;]Tax and Financial Planning Guide You can also consult our 2025-2026 Tax and Financial Planning Guide. This year, we have added several topics. For example, in the [&hellip;]<\/p>\n","protected":false},"author":124,"featured_media":8254,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,11],"tags":[],"class_list":["post-6858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletins","category-taxes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Income Tax and Financial Planning News 2025-2026 | Paul Rioux CA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.paulrioux.ca\/en\/income-tax-and-financial-planning-news\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Tax and Financial Planning News 2025-2026 | Paul Rioux CA\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][vc_column_text css=&#8221;.vc_custom_1772060237737{margin-bottom: 0px !important;}&#8221;] With the new tax season upon us, here are the main income tax and financial planning developments for 2025-2026. Enjoy your reading![\/vc_column_text][vc_cta h2=&#8221;&#8221; css=&#8221;&#8221; el_class=&#8221;clear&#8221;]Tax and Financial Planning Guide You can also consult our 2025-2026 Tax and Financial Planning Guide. This year, we have added several topics. For example, in the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.paulrioux.ca\/en\/income-tax-and-financial-planning-news\/\" \/>\n<meta property=\"og:site_name\" content=\"Paul Rioux CA\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-03T19:42:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-14T18:48:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.paulrioux.ca\/wp-content\/uploads\/2025\/03\/paul-rioux-cpa-tax-nouveautes-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rioux CPA Inc.\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Paul Rioux CPA Inc.\" \/>\n\t<meta name=\"twitter:label2\" 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