Tax Relief for Canadian Seniors

Tax Relief for Canadian Seniors: "Tax Relief for Canadian Seniors
Canada’s New Government recently proposed a Tax Fairness Plan that would deliver over one billion dollars of new tax relief annually for Canadians. The Plan, which increases the Age Credit Amount and allows income splitting for pensioners, builds on the $20 billion of tax reductions provided for individuals in Budget 2006 and will significantly enhance the incentives to save and invest for family retirement security."