Tax cuts cancelled
Bill goes to Governor General for royal assent
Budget delivers tax relief for families and businesses, Flaherty says
RRSP eligibility extended to Maple bonds
Crown corporation ratings unaffected by changes
Urges government to move ahead on other retirement savings recommendations
Proposed changes will encourage more families to save
With new measures such as higher RESP contribution limits and higher RRSP age limits, there’s lots in the budget that affects advisors. Here are the highlights:> A new working income tax benefit of up to $500 for individuals and $1,000 for families as an incentive to work for low-income Canadians.> The introduction of a new […]
Assistance for Canadian residents who are poorer after taking a job
No broad-based personal or corporate tax cuts; RRSP age increases too slim