DATES TO REMEMBER

New Federal Tax brackets for 2025

To be eligible to claim home office expenses an employee must be given a completed
T2200 from their employer. The temporary flat rate method allowed during Covid is no
longer an option.

You may be eligible to open a First Home Savings Account to help save for your down
payment.

Are you considering adding a second unit to your home to care for an aging family
member or someone with a disability? You may be eligible for a tax credit of up to
$7,500

Seniors’ Home Safety Tax Credit A new credit that supports seniors in making their homes safer and more accessible. With a credit of 25% up to a maximum of $10,000 in eligible expenses. This can be worth up to $2,500 per year.

A refundable personal tax credit to help seniors with eligible medical expenses, including expenses that support again at home. The credit is equal to 25% of your eligible medical expenses up to $46,000 for a maximum credit of $1,500

Did you explore Ontario in 2022? Don’t forget to claim your Ontario Staycation Tax Credit. It can be worth up to $200 for an individual or $400 for a family.

Did you know that you can get a non-refundable tax credit for amounts paid to a Qualified Canadian Journalism Organization?