8S CPA Professional Corporation

8S CPA Professional Corporation

Tax Season is Here - Let’s Make It Stress-Free! 💰💼

Filing taxes doesn’t have to be complicated. Whether you’re an individual or a business owner, we simplify the process, maximize your refunds, and ensure full compliance so you can focus on what truly matters.

✅ Personal & Corporate Tax Filing
✅ Strategic Tax Planning
✅ Expert Bookkeeping & Payroll
✅ Budgeting & Financial Statements

💡 Don’t wait until the last minute! Book your FREE consultation today and experience hassle-free tax preparation.

📞 +1 (613) 621 4587
📧 [email protected]

Tag a friend who needs tax help!

Here are the *2025 Ontario and Federal Income Tax Brackets*:

*Ontario Tax Brackets*

- _5.05%_: First $52,886
- _9.15%_: Over $52,886 up to $105,775
- _11.16%_: Over $105,775 up to $150,000
- _12.16%_: Over $150,000 up to $220,000
- _13.16%_: Over $220,000 ¹

*Federal Tax Brackets*

They vary based on income and province of residence.

*Combined Federal and Ontario Tax Rates*

Here are the combined tax rates for Ontario residents:

- _20.05%_: First $52,886
- _24.15%_: $52,887–$57,375
- _29.65%_: $57,376–$93,132
- _31.48%_: $93,133–$105,775
- _33.89%_: $105,776–$109,727
- _37.91%_: $109,728–$114,750
- _43.41%_: $114,751–$150,000
- _44.97%_: $150,001–$177,882
- _48.29%_: $177,883–$220,000
- _49.85%_: $220,001–$253,414
- _53.53%_: Over $253,414

Happy Holidays!!!

🚨 *Important Tax Deadlines Reminder*🚨

As tax season approaches, don’t miss these key deadlines:
• FHSA Deadline: Dec 31 (Open an account with $0 to carry contribution room into next year).
• TFSA Deadline: Dec 31
• RESP Deadline: Dec 31 (Maximize government grants).

Take action before Dec 29 to avoid holiday processing delays!

Why Act Now?
• Save on taxes.
• Build funds for your first home with FHSA.
• Secure government grants for your kids’ education with RESP.