The Canadian Department of Finance Nov. 4 released the 2025 budget. The budget includes measures to: 1) introduce a nonrefundable Top-Up Tax Credit to help individuals maintain the 15 percent rate for nonrefundable credits claimed on amounts exceeding the first income tax bracket; 2) reinstate specified accelerated investment incentives, and provide immediate expensing for various capital assets; 3) increase to C$4.5 million (US$3.2 million) from C$3 million (US$2.1 million) the expenditure limit for the enhanced 35 percent Scientific Research and Experimental Development (SR&ED) tax credit, and extend it to Canadian-controlled private corporations (CCPCs); 4) limit deferrals of refundable tax on ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.