Proposed changes to RRIFs, TFSAs find favour
Current period of six weeks extended to six months
Two initiatives extend an RDSP deadline and offer credits for home accessibility improvements
Among other measures, the federal government is proposing a reduction to the small business tax rate to 9% by 2019 from 11% today
The ‘too big to fail’ measures will follow international principals
New minimum withdrawal rules for RRIFS will allow retired Canadians to preserve up to 50% more capital to age 90
New national strategy for financial literacy to be unveiled in coming months
Measures pioneered by provinces to improve cooperation backed by Ottawa
New annual limit will be $10,000, double the amount of the TFSA’s original yearly contribution
Change brings relief for investors with relatively modest foreign property holdings