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ARTICLE · 29 OCTOBER 2025

Canada 2025 Draft Tax Changes: Key Updates For Individuals, Corporations, And Trusts

Rotfleisch & Samulovitch P.C.
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On August 15, 2025, the Department of Finance released over 250 pages of draft legislation and explanatory notes, signalling significant changes to Canada's tax landscape.

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David Rotfleisch
David Rotfleisch
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Introduction: Canada's 2025 Draft Tax Legislation Overview

On August 15, 2025, the Department of Finance released over 250 pages of draft legislation and explanatory notes, signalling significant changes to Canada's tax landscape. These measures aim to broaden the tax base, close perceived loopholes, and raise revenue in a challenging fiscal environment. Among the most notable proposals is an increase to the top marginal personal income tax rate, affecting high-net-worth individuals, professionals, and entrepreneurs. As a seasoned and knowledgeable Canadian tax lawyer, I will highlight the key provisions and their potential impact on individuals, corporations, and trusts.

Individual Tax Changes: Top Marginal Rates and Key Updates

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