1. Budget 2025 Implementation Act (Bill C-15) Moves to Second Reading
The federal government advanced Bill C-15, which includes:
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LCGE increase to $1.25M
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SR&ED program enhancements
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New clean-manufacturing and clean-electricity tax credits
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Repeal of the Underused Housing Tax starting 2025
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Various GST/HST modernizations
Impact:
Business owners planning a sale, corporations relying on SR&ED, clean-energy investors, and those holding taxable real estate will see significant changes.
2. Canada Carbon Rebate for Small Businesses — Final Rates Released
The Department of Finance confirmed the final per-employee rebate amounts for the 2024–25 period:
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Ontario: $98 per employee
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Alberta: $120
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Saskatchewan: $153
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Manitoba: $110
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Atlantic provinces: lower but meaningful amounts
Eligible CCPCs that filed their 2024 T2 by July 15, 2025 will receive payments before the end of 2025.
Impact:
Bookkeeping teams should record this as a refundable tax credit, not operating revenue.
3. British Columbia PST — Filing Requirements During Postal Delays
BC’s Ministry of Finance issued a notice confirming:
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Filing deadlines remain in force even with postal delays
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Late-arriving mailed returns will not be excused
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Online filing is strongly encouraged
Impact:
Businesses with BC operations should rely solely on electronic filing.
Looking Ahead
We continue monitoring:
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CRA newsroom
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Canada Gazette Parts I & II
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Department of Finance
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Provincial tax bulletins (Ontario, Alberta, Quebec, BC)
No new CRA announcements regarding 2025 motor-vehicle rates were published this week.
Your weekly update will continue every Saturday, summarizing only verified and material changes.
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