The big news today is that the house of commons approved the proposed tax cut for the lowest income tax bracket. It still has to pass legislation, but that looks like a done deal, so we've implemented it in the MoneyReadyApp. It will go from 15% to 14.5% in 2025 and 14% in 2026. This will help everybody as it reduces the taxes paid on the first $57.375 of earnings. However, that lowest tax rate is also used to calculate non-refundable tax credits, so the overall tax savings may be a little lower than advertised
Other recent changes:
You can now link an EXPENSE to a real estate property. This makes sure the expense does not occur before the property is bought or after the property is sold.
I've been asked too often (including on this forum) how to enter an inheritance. A new `Inheritance' INCOME type makes it easier.