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Overview: 2025 Federal Income Tax Rates for Individuals The Canadian government sets federal income tax rates for citizens. Additionally, every province and territory determines its own tax rates in addition to set federal income tax rates. All taxable income is...

Overview: Corporate Tax Rate in Canada In Canada, corporations are subjected to federal and provincial/territorial taxes. The basic federal tax rate is 38% charged on a corporation’s yearly income. However, there are deductions and credits that are usually applied by...

Overview Did you know that renovations that you’ve done to your home can lead to significant savings on tax? Well, Saskatchewan homeowners can enjoy a special tax credit dubbed “Saskatchewan Home Renovation Tax Credit” for home improvements. The temporary tax credit...

As we progress through 2024, understanding the intricate world of taxation becomes increasingly vital for Canadian residents, business owners, and investors. At Murray, Sen & Associates, we are committed to guiding you through the complexities of the financial...