2025 - Financial changes in Canada you should know about this year

There are a few changes in federal policies that could affect Canadians' finances in the new year.

Brian Quinlan, a chartered professional accountant with Allay LLP, says many of the changes are routine. These include inflation-based adjustments to what tax bracket you fall into.

Other changes -- such as the capital gains tax changes that will be in effect for their first full year in 2025 -- may need more planning.