Preparing Your Income Tax Returns, 2025 Edition for 2024 Returns

File your returns with accuracy by staying up-to-date on recent tax changes with the most current tax preparation guide. Critically-acclaimed by tax professionals, Preparing Your Income Tax Returns is updated annually and provides the most comprehensive coverage and in-depth analysis of the rules for personal tax returns available.

Features & Coverage:
Why do tax professionals across Canada come back to Wolters Kluwer year-after-year? It's simple! 

• We provide the most comprehensive tax resource available anywhere;
• Federal and provincial income and capital taxes are exhaustively detailed;
• Descriptions of forms and analysis of necessary information are organized by topic;
• Preparing Your Income Tax Returns will give you the professional expertise, confidence, and time-saving efficiency you need to deliver your best returns.

The 2025 edition for 2024 returns contains newly updated content reflecting tax measures from the federal and provincial budgets, federal bills C-59 and C-69, and proposed legislation from August 12, 2024. 

What's New in the 2025 Edition:
Notable tax measures new to this edition include (but are not limited to) the following:

• The increase to the capital gains inclusion rate including numerous consequential changes;
• The Canadian Entrepreneurs’ Incentive;
• Capital gains exemptions for share transfers to employee ownership trusts and workers’ cooperatives;
• Accelerated capital cost allowance for productivity-enhancing assets and purpose-built rental housing;
• Changes to the disability supports deduction;
• Changes to registered education savings plans;
• Technical changes to alternative minimum tax (AMT);
• And many more technical changes.

Also new in this edition are references to changes to the CRA’s filing procedures and many new tax forms. 

Download the Table of Contents