Open this photo in gallery:Capital gains, tax bracket adjustments and new rules for down payments and mortgages are just some of the biggest changes in personal finance coming in 2025.Graeme Roy/The Canadian PressPlease log in to bookmark this story.Getting caught up on a week (or two) that got away? Here’s your weekly digest of the Globe’s most essential business and investing stories, with insights and analysis from the pros, stock tips, portfolio strategies and more.What’s changing for personal finance in 2025A few things are changing in 2025, and Salmaan Farooqui outlines some of the biggest personal finance changes coming in the new year – from capital gains to tax brackets. For example, the federal government’s move to raise the capital-gains inclusion rate hasn’t yet passed into law due to political turmoil in Parliament, but the Canada Revenue Agency (CRA) has issued guidance advising Canadians to file their taxes based on the proposed tax changes. Additionally, all five federal income tax brackets have been adjusted for 2025 to keep up with inflation – rising by 2.7 per cent for 2025, compared with an increase of 4.7 per cent for 2024. Here’s a list of more financial laws and rules coming in 2025.Why one temporary foreign worker decided to call it quits on CanadaOver 14 months in Canada, 29-year-old Hichem Nasri held cleaning jobs at a transportation company, an oil refinery, a bank and a Canadian Tire store. Mr. Nasri, who came to Canada from Tunisia as a cleaner, said he experienced racism and financial abuse in multiple jobs as a temporary foreign worker, calling it a “hell I don’t want to ever go through again.” He spoke with reporter Vanmala Subramaniam about his experience as a temporary foreign worker in Canada and not being paid on time, poor treatment by employers, and injuries on the job. “This whole year was a waste of my time and money,” he told The Globe. “Why would I choose to be disrespected?”Open this photo in gallery:Hichem Nasri, a 29-year-old from Tunisia, calls his year-long experience navigating the Canadian workforce as a temporary foreign worker ‘a hell I don’t want to ever go through again.’Renaud Philippe/The Globe and MailFor Canadian manufacturing, a rebound or just a last gasp?Canada entered the new year standing out in a world of manufacturing gloom. The country’s manufacturing activity expanded in December at the fastest pace in nearly two years, according to the latest reading from the S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI). In comparison, manufacturing activity in both global and U.S. levels contracted last month, according to S&P. The boost likely comes from U.S. customers hoping to stockpile inventories before the incoming Trump administration can potentially slap a 25-per-cent tariff on all imports from Canada. Jason Kirby takes a look at the numbers in the latest Decoder series.Major U.S. banks quitting Carney-led climate alliance ah
Mar. Gen 7th, 2025
