The new Liberal government outlined several significant tax changes in their election platform. If they make good on those election promises in tax year 2016 and beyond, millions of Canadians will be affected financially; some will be winners and some will be losers.
We put this together infographic about the highlights of the 2015 Federal Budget
We put together this infographic for 2015.
The Family Tax Cut can change the way we think about which spouse should make the RRSP contribution. In a family situation where the non-refundable credits claimed by the higher-income spouse exceed the “adjusted taxable income” after splitting, the extra credits can be wasted.
Regardless of how much money you make, often times it seems it’ll never be enough. Fortunately, saving money doesn’t have to be as stressful an endeavour as you may think. There are numerous seemingly small habits you can implement, that will make a big difference in the long run.