2025 tax hikes are now here, what does that mean for Canadians?
The Canadian Money Podcast por The Canadian Money Podcast
Notas del episodio
In this episode, we examine the Canadian Taxpayers Federation’s report on the troubling tax changes starting now in 2025. With federal payroll tax increases (CPP and EI), rising carbon taxes, and higher alcohol taxes, hardworking Canadians are being asked to pay even more, especially those earning over $64,000. On the provincial level, new taxes like Alberta’s electric vehicle tax and BC’s home flipping tax will take even more from taxpayers’ pockets, while only a few provinces, like Nova Scotia, are offering relief with modest tax cuts or rebates. We also uncover the hidden impact of bracket creep, which quietly pushes Canadians into higher tax brackets without real income growth, and discuss the financial burden of new taxes on streaming and digital services. Tune in to learn how these changes affect you and why taxpayers need to push back agai ...