With the Liberals re-elected, I'm watching several proposals closely: a luxury tax on vehicles over $100K, a minimum 15% tax on top earners, and new housing measures. I'll be advising my clients as these become law — some may require planning ahead of implementation.
I keep a close eye on developments like these so my clients don't have to. Tax law changes can significantly affect your filing strategy, and I believe the earlier you understand them, the better positioned you are to plan effectively.
Whether you file in Canada, the United States, or both, staying current on these changes is essential. In my cross-border practice, I've seen firsthand how policy shifts in one country can create unexpected obligations — or opportunities — in the other.
If you have questions about how this affects your specific situation, please don't hesitate to reach out. I'm here to help you navigate these changes and make the best decisions for your financial future.