Tax season is almost here! Whether you’re a seasoned filer or it’s your first time, having the essential information can save you time and stress. It could even put more money in your pocket.

To help you, we’ve put together the key facts of what you need to know for this tax-filing season. This includes what’s new with our digital services and on the income tax and benefit return. 

Changes to the income tax rules now deny income tax deductions related to non-compliant short-term rentals after 2023. If you rented out a residential property for short periods, these changes may affect you.

In 2024, there were several announcements about changes to business taxes that will take effect in 2025. We’ve gathered the key updates here, along with some helpful resources to make it easier to manage these changes and your taxes in the new year.