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Newfoundland and Labrador Provincial Budget Tax Updates 2025
Overview On April 9, 2025, Newfoundland and labrador’s Finance Minister announces Budget 2025: Smarter. Stronger. Better. For the 2025–26 fiscal year, the province anticipates a $372 million deficit while projecting for 2026-2027 a $96 million surplus . Recent tariffs imposed on Canadian exports to the U.S. and China have been largely factored into the economic […]
New reporting requirements for Digital Platform Operator
April 22, 2025Reporting platform operators have an obligation to file an information return containing the required information relating to reportable sellers on or before January 31st of the year following the calendar year in which a seller is identified as a reportable seller. Such reported information also needs to be submitted to the related reportable seller on […]
B.C. Provincial Budget Tax Updates 2025-2026
April 8, 2025Overview On March 4th, 2025, the B.C. government announced changes to its provincial tax laws in its budget 2025 Standing Strong for B.C. This comprehensive summary highlights the key changes that will influence the provincial tax environment in the coming years. Personal Income Taxes Measures The budget introduces no change to the personal income tax […]
Manitoba Provincial Budget Tax Updates 2025-2026
Overview On March 20th, 2025, Manitoba’s Finance Minister presented the province’s 2025 budget “Building One Manitoba”, which projects deficits of $794 million for 2025-26 and $327 million for 2026-27. Personal Income Tax Measures The income tax rates for the 2025 taxation year, based on your taxable income, are as follows: The current personal combined income […]