2025 Tax Deadlines & Rates
2025 Tax Deadlines & Rates
Publish at: 2025-01-13
Important Deadlines
Rates
2025 Ontario Payroll Rates
2025 Combined Personal Federal & Ontario Tax Brackets
2025 CRA Interest rates for the first calendar quarter
2025 Federal automobile mileage and deduction rates
In the Northwest Territories, Yukon, and Nunavut, there is an additional 4ยข per kilometer allowed for travel.
1. The ceiling for capital cost allowances (CCA) for Class 10.1 passenger vehicles will be increased from $37,000 to $38,000, before tax, in respect of vehicles (new and used) acquired on or after January 1, 2025.
2. The ceiling for CCA for Class 54 zero-emission passenger vehicles ($61,000, before tax, in respect of new and used vehicles) will remain the same for 2025, as this limit continues to be appropriate.
3. Deductible leasing costs will be increased from $1,050 to $1,100 per month, before tax, for new leases entered into on or after January 1, 2025.
4. The maximum allowable interest deduction will remain the same at $350 per month for new automobile loans entered into on or after January 1, 2025, as this rate continues to be appropriate.
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