The 2025 Federal Budget introduces a range of measures aimed at making life more affordable for Canadians while supporting economic productivity and growth. Our Canadian Budget Infographic highlights the most relevant updates in an easy-to-read format—ideal for clients looking to understand what’s changing and how it may affect them.

Updated with each federal Budget, see reflections from the previous release and the highlights to look forward to.

This year’s infographic starts with a look at the broader economic landscape—covering the Canadian dollar, oil prices, employment, and the federal deficit since the last budget—before outlining key policy changes for individuals, families, and businesses.

Key Measures

• GST Relief for First-Time Home Buyers – The GST will be removed on new homes up to $1 million and reduced on homes up to $1.5 million, helping more Canadians access homeownership.
• Top-Up Tax Credit – Preserves the full 15% value of non-refundable credits such as tuition, medical, and disability under the new 14% tax rate.
• No-Fee Account Transfers – Transfer fees for investment and registered accounts at federally regulated institutions will be eliminated, saving investors money and simplifying account management.
• Luxury Tax and Underused Housing Tax Eliminated – Streamlining the system by removing these taxes and focusing on stronger compliance and fairness.
• Targeted Support for Canadians – Includes a $150 one-time Disability Tax Credit payment, automatic federal benefit filing for low-income Canadians, and a new refundable credit for personal support workers.
• Youth and Family Measures – Funding for youth employment programs and updates to home accessibility and medical expense credits.
• Business Productivity and Innovation – Immediate write-offs through a new Productivity Super-Deduction and higher refundable SR&ED tax credits to encourage R&D and investment.

Explore the Canadian Budget Infographic to see how Budget 2025 could influence financial plans, business strategy, and household finances across Canada.

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