​​Version 2025.1.0
January 17, 2025
Summary of Changes:
This version of ChildView® includes all the 2025 personal income tax and benefit numbers that are confirmed or may be estimated at this time.
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Program Changes:
1. The “2 to10 Year Cash Projection” tool has been enhanced to provide input for changing incomes for each year in the range of years chosen. It will also now allow the input of budgets that are year specific by double clicking on the “Budget of Expenses” field in any given year column.
2. The $200, one-time Ontario rebate is included for 2025. See “Province Specific Changes” for details.
3. The new Newfoundland and Labrador Disability Benefit has been added. See “Province Specific Changes” for details.
4. On-going updates to the “Help” file have been made, including updated information on the 2025 tax numbers.
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Income Tax Changes:
1. The 2025 personal income tax and benefit numbers that are confirmed or may be estimated at this time have been included in this release. Details for specific provinces and territories are described under the “Province Specific Changes” section.
Province Specific Changes
Alberta
• Bill 32, which received first royal assent December 5, 2024, increases the base for the income tax brackets and major non-refundable credits as of January 2025. This same bill also increases the base for the Alberta Child and Family Benefit effective July, 2025. Future indexation of these amounts, starting in 2026, will apply the new definition of the “Alberta escalator.” The “Alberta escalator” is a prescribed percentage or, if there is no prescribed percentage, the lesser of 2% and a calculation based on the Alberta Consumer Price Index. These changes have been included in this release.
British Columbia
• The 2025 BC indexation rate of 1.028% has been applied to the appropriate income tax brackets and tax credits in this release.
Manitoba
• Per Bill 37, which received royal assent November 7, 2024, the provincial “basic personal amount” (BPA) will no longer be available to all Manitoba taxpayers as of 2025. For those with net incomes between $200,000 and $400,000 the BPA will be phased out and reduced to zero at net income of $400,000.
New Brunswick
• The 2025 New Brunswick indexation rate of 1.027% has been applied to the appropriate income tax brackets and tax credits in this release.
Newfoundland and Labrador
• The 2025 Newfoundland and Labrador indexation rate of 1.023% has been applied to the appropriate income tax brackets and tax credits in this release.
• A new Newfoundland and Labrador Disability Benefit has been introduced as of July 2025 and is included in this release. For individuals eligible for the disability tax credit, this benefit will provide up to $400 per month in non-taxed money. The benefit is clawed back for incomes in excess of $29,402.
Nova Scotia
• This release includes the 2025 tax changes per Bill 419, which received royal assent April 5, 2024. The tax brackets, the basic personal amount, spousal credit, AED, infirmed dependent credit and the age credit are being indexed starting January 2025. The 2025 indexation rate has been set at 1.031%. With respect to the age credit, the income threshold will not be indexed. The bill also clarifies that the children’s sports and arts tax credit is per qualifying child.
Northwest Territories
• The 2025 Northwest Territories indexation rate of 1.027% has been applied to the appropriate income tax brackets and tax credits in this release.
Nunavut
• The 2025 Nunavut indexation rate of 1.027% has been applied to the appropriate income tax brackets and tax credits in this release.
Ontario
• The 2025 Ontario indexation rate of 1.028% has been applied to the appropriate income tax brackets and tax credits
in this release.
• Per Bill 216, which received royal assent November 6, 2024, Ontario announced a one-time rebate of $200 per person, for all eligible Ontario taxpayers and eligible children, to be paid in early 2025. The purpose of this rebate is to provide relief from the carbon tax and high interest rates. Those bankrupt or in prison anytime in 2024 are not eligible. The CCB share custody parent rules apply such that parents will receive $100 for each shared child. This rebate is included in this release.
Prince Edward Island
• Per Bill 66, which received royal assent November 29, 2024, the government reduced the personal income tax rates for the first four brackets and increased the rate for the highest bracket beginning in 2025. Income thresholds for the first two brackets also increased slightly.
• Further, for 2025, the basic personal amount increased from $13,500 to $14,250, the low-income tax reduction increased to $22,250, the age credit increased to $6,510 from $5,595 with the income threshold rising to $36,600, and the spousal and AED credit increased from $11,466 to $12,103.
Prince Edward Island, continued
• Lastly, the bill introduced a new, monthly “PEI Children’s Benefit” benefit beginning January 2025 to be administered by CRA and paid along with the Canada Child Benefit (CCB). Following the CCB definitions, this benefit will provide $360 per child annually where adjusted family net income is less than $45,000 per year and $240 per child where the income is between $45,000 and $80,000. Families with income in excess of $80,000 will not receive this benefit. The CCB “shared custody parent” rules will apply to this benefit. These changes announced in Bill 66 have been included in this release.
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Saskatchewan
• Per Bill 1, which received royal assent December 10, 2024, the basic personal exemption (BPE), spousal and AED tax credits, and the dependent child credit and seniors supplement will increase by $500 per year for the next four years, in addition to the annual indexation. For 2025, along with the indexation of 1.027%, this increases the BPE, spousal credit and AED to a maximum of $19,491 each. There are also targeted increases to the caregiver and infirmed dependent tax credits as well. All of these changes have been included in this release.
• Also included in this version for 2025, Bill 1 increased the Saskatchewan Low-Income tax credit to $429 for the party, the party’s spouse or AED child and $169 each of the next two children excluding the AED child.
• The refundable “Active Families Benefit” tax credit has also increased with the maximum amount per child doubling to $300 with an extra $100 for a child with disabilities.
• Lastly, the lifetime limit for the Graduate Retention program has been increased from $20,000 to $24,000 as of January 1, 2025.
Yukon
• The 2025 Yukon indexation rate of 1.027% has been applied to the appropriate income tax brackets and tax credits in this release.​​​​
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Please download the software update from the link below.
Click to download the software update version 2025.1.0
Click to download the software update version 2025.1.0 (Alternative Link)
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Please download the full version 2025.1.0 from the link below.