Tuesday, April 21, 2015

Budget items

  • Image result for budget 2015
  • TFSA annual limit raised to $10,000 from $5,500.
  • Small business tax rate cut to 9 per cent from 11 per cent by 2019
  • EI compassionate care benefits extended to 6 months from current 6 weeks.
  • Home Accessibility Tax Credit for home renovations for seniors and people with  (new Home Accessibility Tax Credit applies starting next year to both seniors and people with disabilities. Up to $1,500 in tax relief would be available for renovations such as wheelchair ramps, walk-in bathtubs, wheel-in showers and grab bars.)
  • $210 million over four years to celebrate Canada's 150th birthday in 2017. ( wow ... it's gonna be a pricey party. )