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Managing Your Personal Taxes 2025‑26
Personal tax affects us all in some way. Regardless of your stage in life — from starting your career to retirement and estate planning — you face a number of complex and sometimes confusing questions. And whether you’re investing for the future, looking to buy your first home, selling a business, dealing with medical expenses or emigrating from Canada, your tax profile will be impacted.
In this helpful guide you’ll find the following topics:
2025 federal budget income tax measures that may affect you
Highlighting the main income tax proposals that may affect you, with references to the relevant chapters in the guide where you’ll find more information about the subject matter.
Considering selling your business?
Learn about the tax and business considerations to help make the sale a success.
Investors
From interest and dividend income to capital gains and losses, charitable donations to RRSPs, TFSAs and more, find out how you can benefit from proper planning.
Professionals and business owners
If you’re a professional or you own a business, there are many valuable tax-planning opportunities available to you.
Employees
From benefits such as company cars, to stock options and sales tax rebates, employees of Canadian companies can take advantage of some helpful tax-saving opportunities.
The principal residence exemption
Find out how you may be able to earn the capital gain you realize on the sale of a principal residence in a way that is free from tax.
Families
Learn about tax credits and planning strategies that you need to be aware of that could potentially save you and your family a significant amount.
Long-term elder care
Learn about tax credits available for individuals, tax relief for assisted care and medical expenditures.
Retirement planning
Whether you’re just starting your career or have years of service under your belt, you need to plan for retirement. And tax planning should be at the centre of your retirement strategy.
Protect your legacy: navigating estate planning
While we may not like to think about the inevitable, an effective estate plan can minimize tax on and after your death and provide benefits to your surviving family members over the long term.
A guide to US citizenship
Given the complexity of US citizenship and nationality law, it’s not surprising that many people have no knowledge of their US citizenship status.
US tax for Canadians
If you’re a Canadian resident, but not a US citizen, who spends significant amounts of time in the US for either work or leisure, you may be considered a US tax resident and required to file US federal income tax returns.
Emigration and immigration
If you immigrate to or emigrate from Canada in a calendar year, you are treated as a Canadian resident for the period you are resident in Canada, and a nonresident for the period you are a nonresident of Canada, and you would usually be referred to as a part-year resident.
Canadian tax for nonresidents
If you’re not a Canadian resident but you receive Canadian-source income, that income may be subject to Canadian income tax, including the Alternative Minimum Tax (AMT).
Closing it out: tax payments and refunds
Now that we’ve given you some good ideas on how to save on your taxes, let’s take a look at how you can make the final part of the process as efficient and effective as possible.
Managing Your Personal Taxes 2025‑26
Download Managing Your Personal Taxes 2025‑26 today and get the essential tips you need to stay ahead, save money and meet deadlines before it’s too late.
Additonal resources
Tax Alerts - Canada
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Managing Your Personal Taxes 2025‑26
