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Numbers to Know: CRA Brackets, Limits and more.

NewsBy ANR Accountants November 21, 2024

Every year, before heading into the Holiday season, the Canada Revenue Agency provides important information for what is in store for 2025 on tax brackets, RRSP and TFSA limits and changes to the prescribed interest rate. Here is a quick summary of what to expect in 2025. Tax brackets for 2025 For 2025, all five…

Transferring Business Ownership to Family just got Easier.

NewsBy ANR Accountants June 29, 2021

Late last week, the Federal Government passed Bill C-208 which changed the Income Tax Act of Canada is a positive way for small business owners. It allows small business owners easier access to the Lifetime Capital Gains Exemption on the sale of their shares to the next generation. In the past, for a small business…