Edward Jones Breaks Down What the 2025 Federal Budget Means for You

(MISSISSAUGA, ON, November 5, 2025) – The 2025 federal budget has been tabled with some new measures for Canadian taxpayers. Edward Jones’ team of qualified professionals is ready to help Canadians understand what these measures could mean for them, from taxes for certain individuals and small business, to planning for the year ahead.

Why It Matters

“The measures proposed could influence how Canadians think about their personal budgets, with proposals for tax reductions or credits, considerations for disability planning, and incentives for small business investments," says Julie Petrera, Director of Financial Planning, Edward Jones Canada. “Policies can look complex on paper, but a financial planner can show how they apply to you and your family. This is the time to have a conversation with your advisor,” says Petrera.

Top Highlights

Automatic Tax Filing and Benefit Enrollment

• Starting in 2026, up to 5.5 million low-income Canadians will automatically access benefits like the GST/HST credit and Canada Child Benefit.

Tax Relief & Housing

• Plan to cut taxes for 22 million middle-class Canadians and remove GST for first-time homebuyers on homes up to $1million and reduce GST on homes from $1million to $1.5 million.

Tax Measures

• Individual tax rates remain unchanged. No alterations to the first tax bracket though its value was impacted by the July rate reduction.
• Personal Support Workers Tax Credit: Refundable credit of 5% of eligible earnings, up to $1,100 for some provinces and territories.
• Canada Disability Benefit: $150 one-time payment for Disability Tax Credit applicants starting 2026–27. A proposal to make CDB non-taxable will follow.
• RRIF Withdrawals: No changes; minimum withdrawal rules remain.

Consumer & Business Measures

• Banking Transfers: Ban on account transfer fees and faster transfers to boost competition.
• Manufacturing Super Deduction: Immediate expensing for eligible buildings used 90% for manufacturing; lowers taxable income.

Dropped Items

• Underused Housing Tax and luxury tax on boats/airplanes eliminated.
• Canadian Entrepreneurs’ Incentive: confirmed cancelled; originally aimed to reduce tax on $2M lifetime capital gains

While the budget has been released, it will still go through formal tabling in Parliament and committee review before becoming law.

View our full expanded insights and expert insights at www.edwardjones.ca/federalbudget for detailed analysis and advice tailored to Canadians.

About Edward Jones Canada

Edward Jones is a full-service investment dealer which provides a range of investment products, services, and solutions to retail investors. We have more than 870 financial advisors in Canadian communities from coast-to-coast. A member of the Canadian Investment Regulatory Organization and the Canadian Investor Protection Fund, the firm is also a participating organization in the Toronto Stock Exchange. For more information, visit edwardjones.ca.

^{Source: Edward Jones Canada}

Media Relations

Darryl Konynenbelt, darryl.konynenbelt@edwardjones.com