The most obvious increase in store for taxpayers in 2025 are the threatened hikes to Canada’s contentious federal carbon tax, which as of April Fools Day increases from $80 per tonne to $95 per tonne.
That will put the cost of carbon at 21 cents per litre for gasoline, 25 cents per litre for diesel, and 18 cents per cubic metre of natural gas.
Despite the federal government’s claims that the carbon tax will be revenue neutral and give families more back in rebates than it paid, Parliamentary Budget Officer (PBO) Yves Giroux issued reports showing that isn’t the case.
The federal income-based payroll tax will increase for those making over $64,000 — ranging from an additional $355 to $403.
While not a tax, the maximum pensionable earnings covered by the Canada Pension Plan (CPP) will also be increasing, as will maximum insurable earnings for Employment Insurance (EI.)
Federal excise taxes on alcohol, which already make up roughly half of the cost of beer, wine and spirits, will increase by 2% as of April 1, etc…
That will put the cost of carbon at 21 cents per litre for gasoline, 25 cents per litre for diesel, and 18 cents per cubic metre of natural gas.
Despite the federal government’s claims that the carbon tax will be revenue neutral and give families more back in rebates than it paid, Parliamentary Budget Officer (PBO) Yves Giroux issued reports showing that isn’t the case.
The federal income-based payroll tax will increase for those making over $64,000 — ranging from an additional $355 to $403.
While not a tax, the maximum pensionable earnings covered by the Canada Pension Plan (CPP) will also be increasing, as will maximum insurable earnings for Employment Insurance (EI.)
Federal excise taxes on alcohol, which already make up roughly half of the cost of beer, wine and spirits, will increase by 2% as of April 1, etc…
Trudeau Liberals hit Canadians with a slew of tax increases in 2025 — Toronto Sun
Carbon, payroll and alcohol taxes are just some of the taxes seeing increases in 2025
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