2025 Tax Changes in Canada (Tax Brackets, RRSP, TFSA, RESP, CPP, EI, GST/HST Rebate)

Video Description

As we reach the end of 2024, we've gotta talk about the 2025 tax changes in Canada that will take effect in just a few weeks, including updated federal income tax brackets, increased RRSP and TFSA contribution limits, CPP and EI premiums going up, and the new GST/HST Holiday Tax Break. I break down everything you need to know going into the New Year in this video. *Correction: The deadline to make a contribution to your RRSP and make it count as a deduction on your 2024 taxes is Monday, March 3, not March 1 as stated, since that day lands on a weekend). But also... my book "Everything but Money" will hit shelves at the start of 2025, so you can either pre-order now or buy your copy when it comes out! More info: https://jessicamoorhouse.com/book 📖 CHAPTERS 00:00 Introduction 00:23 Tax brackets 02:11 Basic personal amount 04:06 RRSP (FYI RRSP contribution deadline is March 3, not March 1 as stated) 05:03 TFSA 05:59 RESP 08:16 CPP 10:44 EI 11:34 GST/HST Holiday Tax Break 12:30 My book is coming out! 📺 WATCH NEXT https://www.youtube.com/watch?v=mHNxmEf1rso 🔗 AFFILIATE LINKS Borrowell https://jessicamoorhouse.com/borrowell-aff Wealthsimple Trade https://jessicamoorhouse.com/wealthsimpletrade-aff Questrade https://jessicamoorhouse.com/questrade-aff 1Password https://jessicamoorhouse.com/1password-aff Willful https://jessicamoorhouse.com/willful-aff Ownr https://jessicamoorhouse.com/ownr-aff Rakuten https://jessicamoorhouse.com/rakuten-aff 📚GET COPY OF MY BOOK "EVERYTHING BUT MONEY" https://jessicamoorhouse.com/book 📈 WEALTH BUILDING BLUEPRINT FOR CANADIANS COURSE Learn more about my investing course https://jessicamoorhouse.com/course 💻 BUDGET SPREADSHEETS Download one of my budget spreadsheets to get your financial life together https://jessicamoorhouse.com/shop 📹 MY CAMERA/STUDIO EQUIPMENT Camera https://tinyurl.com/4u2x8ajx Lens https://www.sigmaphoto.com/35mm-f1-4-dg-hsm-a Mic https://amzn.to/3MWCmlN Colour background lights https://amzn.to/3MdYEiU Key light https://amzn.to/3ySPqVW Side lights https://amzn.to/4fKEsTf Backlight https://amzn.to/3XGkW1I MORE ABOUT ME 🙋‍♀️ ABOUT ME https://jessicamoorhouse.com/about 📚 BOOK https://jessicamoorhouse.com/book 🎙 PODCAST https://jessicamoorhouse.com/podcast ✉️ NEWSLETTER https://jessicamoorhouse.com/subscribe 📸 INSTAGRAM https://www.instagram.com/jessicaimoorhouse DISCLAIMER & DISCLOSURE The content I produce is for education and entertainment purposes only. Nothing on this YouTube channel, my website or affiliated channels should be considered financial, investment or legal advice, or an endorsement for any type of service, product, or brand. Some links in this description may be affiliate links in which I may earn a commission at no extra cost to you. Please read my disclaimer to learn more: https://jessicamoorhouse.com/disclaimer/