Canada’s Benefit System Just Got a Shakeup—The 5 CRA Changes That Could Affect Your Wallet

Canada’s Benefit System Just Got a Shakeup

Canada’s benefit and tax system received a major update in 2025 with five impactful CRA changes. Learn how new tax brackets, enhanced child benefits, and a bigger homebuyers’ allowance affect your financial future. This easy-to-follow guide breaks down everything you need to know so you can make smarter financial decisions, reduce your tax bill, and take advantage of what’s new in Canada’s evolving economic landscape.