If you have not yet filed your 2014 income tax return, here's an update on certain personal income tax measure.
They will mainly benefit families with children under age 18 and spouses who have a huge gap between their incomes. Find below a summary of the major changes announced by the federal and provincial governments.
Of course, this is just a quick overview of today’s income tax legislation. Every taxpayer’s situation is unique and tax legislation is quite complex, so it makes sense for you, as a taxpayer, to consult a tax professional for specific questions about your taxes. Keep in mind that this article is for informational purposes only and does not constitute legal or tax advice.