no changes to personal income tax brackets or
rates
for those who graduate from eligible
post-secondary programs after January 1, 2008, the
graduate tax credit is increased from $1,000 to
$2,000
new $250 refundable tax credit for 2007 for
volunteer firefighters, increasing to $375 in 2008
and to $500 in 2009.
new Digital Media Tax Credit starting January 1,
2008, providing a refundable tax credit of 35% of
eligible expenditures on digital media
productions.
large corporation capital tax continues to be
reduced, with a commitment to eliminate it by
2012.
Federal income tax measures affecting taxable
income that automatically affect provincial
taxable income in all provinces and territories
except Québec:
effective January 1, 2007, eligible pension
income can be split between spouses. See
the article on pension
splitting.
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site to your best advantage.
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