2015 Federal Budget Commentary

Now that the Federal Budget has been balanced, the focus of the budget includes several small business friendly measures, including most notably a reduction in the small business corporate tax rate. From a personal tax perspective there are a few goodies, as predicted RRIF withdrawals have been changed substantially reducing the mandatory annual payout, and the annual contribution amounts to your TFSA have increased. You should speak with your financial advisor on how these changes affect you.

A summary of the budget highlights are attached.

PDF icon 64x642015 Federal Budget Commentary

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