Up to $18,000 next year and $22,000 by 2010
Extensive reform of disability tax credit and RESPs promised
In today’s budget, Ottawa proposes removing the requirement to collapse life income funds at age 80 for former employees of federally regulated industries, such as banks, federal crown corporations and telecommunication companies.Present regulations of the federal Pension Benefits Standards Act stipulate that locked-in RRSPs must be converted into LIFs when the beneficiary reaches age 69. […]
Debt-to-GDP ratio will drop to 30.6% by 2010, Goodale promises
Although the budget stops short of calling for a single securities regulator
Paul Martin’s minority Liberal government is continuing to spend at a rapid rate. Program expenditures increase only 2% in the fiscal year ending March 31, 2006, but that follows a huge increase of 11.8% in fiscal 2005. The truth is there were so many election promises and other urgent issues the government could only cope […]
As welcome as it is, rule change means big challenges for fund companies
Election-style federal budget
Lower taxes for small business, low income earners
Calls for restoration of previously announced tax cuts