The Personal Tax Return Guide, 2025 Taxation Year provides line-by-line instructions to assist you in completing and filing the 2025 Canadian Personal Tax Return. The Guide is laid out in an easy-to-follow, line-by-line format, with a separate discussion/analysis and reporting instructions for each tax return line.

There is a "See Also" section for each line of the tax return listing the related sections of the Income Tax Act (and regulations) and relevant Canada Revenue Agency publications, including Interpretation Bulletins, Information Circulars, Income Tax Technical News, tax forms, tax guides, and pamphlets. In addition, Helpful Hints are scattered throughout the Guide, providing additional tax-planning information.

The Appendices to the Guide contain useful personal tax reference information to assist you in completing and filing the 2025 Personal Tax Return, including a Medical Expense Quick Reference Table, Canadian and U.S. Personal Tax Compliance Calendars, various Personal Tax Reference Tables, and several Tax Planner Guides.

What's new in this edition:

The Personal Tax Return Guide has been updated to reflect legislative and administrative developments since the last edition, including federal and provincial legislative and administrative measures announced in 2024. The Guide has also been updated to reflect the latest court cases, government publications, and changes to federal and provincial personal tax credits, tax deductions, and threshold amounts for 2024.

The 2025 edition of the T1 Guide includes updates/additions related to the following for 2024 tax filings:

federal and provincial personal tax credits, deductions, and threshold amounts
short-term rental rules
underused housing tax
capital gains deduction
capital gains inclusion rate
stock option deductions
flipped property rules
CRA audits and investigations
Part XIII withholding tax
first home savings accounts

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Personal Tax Return Guide, 2025 Taxation Year

Personal Tax Return Guide, 2025 Taxation Year