Tax changes for this filing season
On this page
- (Federal Maple leaf icon) Federal tax changes
- Canada child benefit
- Canadian Dental Care Plan
- CRA sign-in services identity validation
- Disability supports deduction
- Home Buyers' Plan withdrawals
- Medical expense tax credit
- Quebec pension plan
- Canada pension plan (CPP) and Québec pension plan (QPP) enhancement
- SimpleFile services
- The volunteer firefighters' amount (VFA) and search and rescue volunteers' amount (SRVA)
- (Provincial Fleur-de-lys icon) Quebec tax changes
(Federal Maple leaf icon) Federal tax changes
Canada child benefit
Starting in 2025, eligibility for the Canada child benefit (CCB) will be extended for six months after a child's death if the individual claiming the CCB for that child is eligible. This also applies to the child disability benefit.
The individual receiving the CCB still needs to notify the CRA of the child's death before the end of the month following the death.
For more information, refer to Canada child benefit on Canada.ca.
Canadian Dental Care Plan
Starting July 1, 2024 the Canadian Dental Care Plan (CDCP) replaced the interim Canada Dental Benefit for eligible Canadian residents who meet all of the following criteria:
- Have an annual adjusted family net income of less than $90,000
- Don't have access to dental insurance
- Filed their tax return for the previous year
Applications are now open for adults aged 65 and older, adults with a valid Disability Tax Credit certificate, and children under the age of 18. Applications for all remaining eligible residents will open in 2025.
For more information, refer to Canadian Dental Care Plan on Canada.ca.
CRA sign-in services identity validation
The CRA has introduced a new identity validation option for individuals when they register for CRA sign-in services. It is a secure way for individuals to validate their identity in real-time, allowing them full and immediate access to their online account, without having to wait for a CRA security code by mail.
For more information, go to Register for the CRA sign-in services on Canada.ca.
Disability supports deduction
Under proposed changes, the list of expenses that are eligible for the disability supports deduction has expanded. In addition, expenses for service animals are now. Individuals can choose to claim expenses for service animals under the disability supports deduction or as a medical expense tax credit.
For more information, refer to Guide RC4064, Disability-Related Information on Canada.ca.
Home Buyers' Plan withdrawals
The Home Buyers' Plan withdrawal limit has increased from $35,000 to $60,000 for withdrawals made after April 16, 2024.
In addition, a temporary repayment relief was introduced for participants making their first withdrawal between January 1, 2022, and December 31, 2025. These participants will be given an additional three years before their 15-year repayment period begins. Therefore, the 15-year repayment period will start in the fifth year following the year that the first withdrawal was made.
Medical expense tax credit
Under proposed changes, the list of expenses that are eligible for the medical expense tax credit has expanded to include navigation devices for vision impaired individuals.
For more information, refer Guide RC4065, Medical Expenses on Canada.ca.
Quebec pension plan
As of January 1, 2024, workers who contribute to the QPP can choose to stop contributing if they are 65 and older and receive QPP or CPP retirement pension. Those who opt out will no longer have the retirement pension supplement added to their QPP retirement pension.
In addition, wages paid and earnings received as of January 1 in the year the worker turns 73 won't be subject to QPP contributions.
Canada pension plan (CPP) and Québec pension plan (QPP) enhancement
As of January 2024, a second CPP contribution was introduced. The new contribution requires employees and employers to contribute an additional 4% if the employee meets the income requirements for second contribution.
This amount will be reported in box 16A of the T4 slip and in box 17A if they contributed to the QPP.
For more information, refer to Schedule 8 of the tax package on Canada.ca.
SimpleFile services
SimpleFile is an invitation-only service that is offered by phone, and now digitally and by paper.
For more information, refer to SimpleFile services on Canada.ca.
Important note
For residents of Quebec, the services only complete the federal tax return. You'll still need to complete and submit a Quebec provincial tax return with Revenu Québec.
The volunteer firefighters' amount (VFA) and search and rescue volunteers' amount (SRVA)
The volunteer firefighters' amount (VFA) and search and rescue volunteers' amount (SRVA) have increased from $3,000 to $6,000 for eligible individuals.
(Provincial Fleur-de-lys icon) Quebec tax changes
Québec Pension Plan (QPP) contributions
Changes to QPP contributions came into effect on January 1, 2024.
Employee or self-employed person aged 60 or over who receives a disability pension under the QPP
If the individual is 60 or over and receives both a disability pension and a retirement pension under the QPP, they must continue making QPP contributions on their salary or wages or their income from self-employment.
Employee or self-employed person aged 65 or over who elects to stop making QPP contributions
If the individual is 65 or over but under 73 at the end of the year and receives a retirement pension under the QPP or the Canada Pension Plan (CPP), they can elect to stop making QPP contributions.
Employee or self-employed person who turns 73 during the year
Individuals no longer have to make QPP contributions as of January 1 of the year they turn 73.
Disability supports deduction
New expenses are now eligible.
Cryptoasset return
Beginning in 2024, if an individual acquires, holds or uses cryptoassets during a taxation year, they must complete a Cryptoasset Return (form TP-21.4.39-V) and file it with their income tax return.
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