Canadians should brace for multiple tax increases as they prepare for 2025. The Canadian Taxpayers Federation released its annual report outlining major federal tax increases coming in the new year. While many tax increases are upcoming, the federation highlighted increases to payroll taxes, the carbon tax, alcohol taxes, and the temporary sales tax holiday.
The Liberals are raising the mandatory contributions to the Canada Pension Plan and Employment Insurance in 2025. The combined increase will cost Canadians up to $403 next year.
https://tnc.news/2025/01/02/canadians-to-face-multiple-federal-tax-hikes-in-2025/
Canadians should brace for multiple tax increases as they prepare for 2025. The Canadian Taxpayers Federation released its annual report outlining major federal tax increases coming in the new year. While many tax increases are upcoming, the federation highlighted increases to payroll taxes, the carbon tax, alcohol taxes, and the temporary sales tax holiday. The Liberals are raising the mandatory contributions to the Canada Pension Plan and Employment Insurance in 2025. The combined increase will cost Canadians up to $403 next year. https://tnc.news/2025/01/02/canadians-to-face-multiple-federal-tax-hikes-in-2025/
TNC.NEWS
Canadians to face multiple federal tax hikes in 2025, taxpayer advocates warn
The Canadian Taxpayers Federation released its annual report outlining major federal tax increases coming in the new year.
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