The coming year will see some changes to existing tax measures, but those changes are expected to have only minor impacts on individuals.

Daniel Rogozynski of the University of Waterloo’s School of Accounting and Finance told CBC News that, for the most part, 2025 will be a “status quo year” on the tax front.

“There’s not a lot there because they really can’t do a lot,” he said. “You can’t reduce taxes because they’re borrowing all this money, and they really can’t spend a ton of extra money because they’re borrowing all this money.”

Rogozynski said the tax change Can