New Rules, Fresh Opportunities: 5 Smart Financial Moves to Make in 2025

Own. Grow. Protect. These aren’t just buzzwords to us—they’re the pillars for building financial success. In 2025, there are exciting opportunities to make progress on each of these goals. Whether you're a first-time homebuyer, a seasoned investor, or focused on safeguarding your family's future, here are the key changes to keep in mind and how to leverage them:

1. Take Advantage of Extended Mortgage Amortizations

If you're a first-time homebuyer or planning to purchase a new build, 2025 could be your year! As of December 15, 2024, Canada now allows 30-year amortizations on insured mortgages. This is huge for those looking to get into the market while keeping monthly payments manageable. Lower payments = more breathing room in your budget.

2. Tap Into the Higher Insured Mortgage Cap

Big news for homebuyers in competitive markets: the maximum price for insured mortgages has jumped from $1 million to $1.5 million. With housing prices on the rise, this change (effective December 15, 2024) means you can qualify for a mortgage with less than a 20% down payment—even on a pricier home.

3. Save Big with the Multigenerational Home Renovation Tax Credit

Multigenerational living just got more affordable! The Multigenerational Home Renovation Tax Credit (MHRTC), available for the 2024 tax year, offers financial relief for creating secondary suites in your home. It’s a win-win: accommodate aging parents or adult children and add value to your property. Thinking of a granny suite or basement apartment? Now’s the time to make it happen.

4. Reassess Your Capital Gains Strategy

Tax changes are shaking things up for investors. Starting June 25, 2024, the capital gains inclusion rate increased from 50% to 66.7% for gains over $250,000 annually (for individuals) and for most corporations and trusts. This could have a significant impact on your portfolio.
► Pro Tip: Stay tuned for our deep dive into actionable strategies to minimize your tax hit and optimize your investments under these new rules.

5. Prepare for the Canada Disability Benefit

Big relief is on the way for Canadians with disabilities. Starting July 2025, the Canada Disability Benefit will provide financial support to individuals aged 18–64. The amount varies based on personal and household income, but it’s a game-changer for eligible families. Don’t miss out—check your eligibility and factor it into your planning.

Bonus: Other Changes Worth Noting

• Digital Services Tax (DST): A 3% tax on large digital companies’ Canadian revenues began in mid-2024.
• Tariffs on Chinese Imports: Higher costs are coming for EVs and other goods imported from China.
• Support for Small Businesses: Lower credit card transaction fees are saving small businesses over $1 billion over the next five years—good news if you’re an entrepreneur.

2025 is shaping up to be a year of opportunities. Whether you're looking to buy your first home, invest wisely, or secure your family’s financial future, staying informed is the first step.

Want help navigating these changes? Reach out to us today—we’re here to help you Own, Grow, and Protect your future!