Advertisement
Tax credits, cash for seniors and increases to TFSA and RRSP contribution limits might be in the works.
The Federal Budget is scheduled to be released Tuesday afternoon, and various media and private sector organizations are weighing in on what Canadians can expect. (Note: the following items have been leaked and are not confirmed.)
• Rural doctors and nurses may see their student loans forgiven;
• $400 million may be provided to renew the ecoEnergy Retrofit Grants program that was set to expire on March 31, 2011;
• Transfer payments (likely the Guaranteed Income Supplement) to senior citizens may be boosted by $700 million;
• A tax credit may be created for parents whose children enrol in arts programs; and
• The Government may consider increasing the thresholds at which the two highest tax rates apply, boost TFSA and RRSP contribution limits, raise the age of converting a RRSP to a RRIF and reduce the minimum annual RRIF withdrawal amounts.
Check in with us on Tuesday evening for complete coverage of Budget 2011 and what it will mean to your pocketbook.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
The world’s biggest cryptocurrency topped USD$98,000 on Nov. 21. As it inches ever closer to six figures, investors wonder:...
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Why Canadians are still feeling the squeeze of high food costs, and what to do about it.
Here’s how to get your free ticket to attend two MoneyShow virtual expos.
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
A new Desjardins report predicts rent inflation will slow in the next few years.
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...
The oilsands giant will return all excess cash to shareholders after hitting debt target early.
Shopify reports third-quarter net income of USD$828 million, and its executives aren’t concerned about how Trump’s election win will...
