Federal Budget 2025: Expert Analysis from McCarthy Tétrault
The Canadian federal government has released Budget 2025. As the law firm with Canada’s largest multidisciplinary tax practice, we have the expertise to help you navigate the federal measures and position your business for what’s next. Our market-leading National Tax Group has published its expert commentary and actionable insights on the budget provisions that matter most to businesses across Canada.
2025 Canadian Federal Budget Commentary – Tax Initiatives
Our 2025 Canadian Federal Budget Commentary – Tax Initiatives breaks down the essential elements to help you plan with confidence and respond strategically.
Read the Commentary
Charity Law Perspectives – Budget 2025
The 2025 Federal Budget, released on November 4, 2025, sets out the Government of Canada’s fiscal direction for the year ahead. The majority of this year’s measures have limited effect on the charitable and non-profit sector.
Read More
Budget 2025 includes tax incentives to promote investment and innovation in Canada
The 2025 Federal Budget, released on November 4, 2025, includes various measures to enhance tax incentives and promote investment and innovation. Key proposals include the productivity super-deduction, expansions to tax credits for clean technology and electricity, and enhancements to the SR&ED program.
Read More
Federal government proposes expansion of clean economy tax credits and other tax incentives in Budget 2025
The 2025 Federal Budget, released on November 4, 2025, proposes measures to boost investment and innovation through enhanced tax incentives and expanded eligibility for various credits. The budget also reaffirms commitments to advancing clean technology and hydrogen investment tax credits.
Read More
Budget 2025 includes productivity super-deduction tax incentives and elimination of luxury tax on certain aircraft and vessels
The 2025 Federal Budget, released on November 4, 2025, proposes as part of a suite of enhanced tax incentives referred to as a “productivity super-deduction”, the reinstatement of the accelerated investment incentive creating an enhanced first-year write-off for most depreciable capital assets and immediate expensing of the cost of certain manufacturing and processing buildings (including eligible additions and alterations).
Read More
Budget 2025 includes productivity super-deduction tax incentives and repeal of underused housing tax
Budget 2025 introduces a “productivity super-deduction” allowing immediate expensing for certain manufacturing and processing buildings. It also proposes repealing the Underused Housing Tax Act (UHTA) by 2035, with transitional measures for prior years
Read More
Federal government proposes expansion of clean economy tax credits and other tax incentives in Budget 2025
On November 4, 2025, Canada’s Federal Budget 2025 introduced a range of environmentally focused tax incentives—including expanded clean technology and clean electricity credits, support for zero-emission vehicles, and extended carbon capture funding—to accelerate the country’s transition to a greener economy.
Read More
Budget 2025 proposes changes to qualified investment rules for registered plans such as RRSPs
Budget 2025 proposes to simplify and harmonize the qualified investment rules for registered plans by replacing the registered investment regime with two new categories of qualified investments that no longer require CRA registration.
Read More
Budget 2025 includes proposals to crack down on worker misclassification
Budget 2025 aims to strengthen enforcement of labor standards by enabling the CRA to share data with Employment and Social Development Canada to address the misclassification of employees—particularly in the trucking industry.
Read More
Canada’s “Investment Budget” Explained - Budget 2025 Infrastructure Perspectives
Budget 2025 is framed as an “investment budget” for Canada that contains a “plan to build the major infrastructure, homes and industries that grow our economy and create lasting prosperity.” To achieve its goals, Budget 2025 introduces new major capital expenditure plans and expands upon existing infrastructure investment programs, which are supported by new legislation and other policy initiatives.
Read MorePeople
Marie-Soleil LandryPartner | Tax Group Regional Practice Lead - Montréal
People.Offices.Singular Montréal
