Highlights and summary of the 2025 federal budget
On November 4, 2025, Canada's Minister of Finance, François-Philippe Champagne, tabled this government's budget.
Here are some of the most interesting burst measurements.
Measures relating to companies
Immediate expensing for manufacturing or processing buildings
Tax deferral through corporate tiers
Other changes to business measures
Measures for individuals
Tax credit for attendants
Tax credit for home accessibility
Automated services for people on low incomes
Sales and excise tax measures
Tax on underused accommodation (TLSU)
Luxury tax on aircraft and ships
Application of GST/HST to manual osteopathy services
Follow-up on certain measures previously announced
The budget confirms the government's intention to continue or abandon certain tax measures announced by the previous government, including :
Confirmation that the lifetime capital gains exemption will increase to $1,250,000 as announced in 2024.
Final abandonment of the Canadian Entrepreneur Incentive.
Confirmation of intention to proceed with changes to scientific research and experimental development tax incentive programs set out in the Fall 2024 Economic Statement.
Confirmation that the government intends to reinstate the Accelerated Investment Incentive.
The detailed document will provide an exhaustive list of all the measures retained or abandoned as a result of this budget.
Do not hesitate contact one of Mallette's tax specialists or partners in your region for more information.