Simplification and improvement of the refundable tax credit for home support costs for people aged 70+

	allowable costs increased from 25% to 30% of eligible home support services
	amount of eligible expenses increased from $15,000 to $15,600 for non-dependent seniors to $21,600 for dependent seniors
	tax credit reduced if family net income greater than $50,000

Attendant care expenses for a person with a sever and prolonged impairment in mental or physical functions may no longer be claimed as medical expenses, if the person or their spouse is entitled to the refundable tax credit for home support for elderly persons in respect of these expenses.  This applies to expenses paid after December 31, 2007.

Beginning  with the 2009 taxation year, the age amount (currently $2,200 for persons 65+) will be indexed for inflation each year.

retirement income tax credit - maximum eligible income will be raised to

	$1,750 for the 2009 tax year, and
	$2,000 for the 2010 tax year

new refundable tax credit, beginning in 2008, for respite expenses of informal caregivers,

	equal to 30% of total expenses paid in the year for specialized respite services, to a maximum of $5,200 (maximum tax credit $1,560)
	reduced by 3% of the caregiver's family income in excess of $50,000.  This amount will be indexed annually.

new adapted work premium, beginning in 2008, for people with a severely limited capacity for employment.  Maximum premium amounts in 2008 will be:

	$1,003.14 for a person living alone
	$1,476.54 for a couple without children
	$2,786.50 for a single parent family, and
	$3,281.20 for a couple with children

supplement to the existing or adapted work premium for long-term recipients who give up last-resort financial assistance after March 31, 2008.

automatic annual indexation, beginning with the 2009 tax year, for

	the deduction for workers, current maximum of $1,000
	the amount for emergency services volunteers, currently applies to the first $1,000 received
	the refundable tax credit for holders of a taxi driver's or owner's permit, current amount up to $500 per permit.

stock option deduction granted to employees of innovative small and medium-sized enterprises (SMEs) will be increased to 50% from 25%

the 12-hour rule will no longer apply to business meals consumed, after March 13, 2008, by commission employees whose office or employment is connected with the selling of property or negotiating of contracts on behalf of their employer.

social security taxes paid to the US (FICA) will once again be eligible for the foreign tax credit as income tax on non-business income.

refundable tax credit for child care expenses  - a new rate table will be used beginning in 2009, with 33 income brackets that will be automatically indexed for inflation each year.

refundable tax credit for infertility medical assistance or adoption expenses increased, beginning in 2008, from 30% to 50% of eligible expenses, with a maximum tax credit of $10,000 per year.

tax-free savings accounts (TFSA)

changes to registered education savings plans (RESPs)

reduction of the gross-up rate of dividends eligible for the enhanced dividend tax credit, but the actual dividend tax credit rates will not be changed.

additions and clarifications to the list of expenses eligible for the non-refundable medical expense tax credit.