Staying informed is one of the best ways to protect your finances, reduce risk, and uncover new opportunities.
At Forbes Andersen, we’re committed to helping our clients stay proactive, not reactive.
That’s why we’ve rounded up the most important updates and insights from the Q3 2025 edition of Tax Tips & Traps.
From CRA communication pitfalls and homebuyer rebates to the new Canada Disability Benefit and proposed federal tax changes, this issue helps individuals and businesses stay sharp as the year winds down.
Major tax rate change ahead
→ A 1% drop to the lowest personal tax bracket begins mid-2025 — but smaller tax credits may offset some savings.
Canada Disability Benefit now open for applications
→ We walk through who qualifies and how to apply for this new income-tested support for working-age individuals.
Missed CRA messages can cost you
→ A recent case confirms that if you choose electronic correspondence and don’t check your CRA account, you’re still liable.
Business mail goes digital starting June 2025
→ Most CRA mail for businesses is going online-only — we outline how to receive alerts or opt back into paper mail.
First-time homebuyer GST rebate unveiled
→ New buyers could get a full GST refund on homes up to $1M, with a scaled rebate up to $1.5M. We explain who qualifies and how.
Still using cheques from CRA?
→ There are over 10 million uncashed cheques out there. Find out how to check if you’re owed money.
Negligent filing can extend CRA’s audit window
→ We highlight a recent case showing why reviewing your full return — not just summary forms — is essential.
Transferring assets out of your corporation?
→ A court ruled a taxable benefit still applied despite mortgage assumptions. We explain why.
For detailed guidance and full commentary, download the complete newsletter here:
