Resources

Budget 2007

Budget 2007 was presented to Parliament on March 19, 2007. A number of changes to the federal-government tax and benefit programs administered by the Canada Revenue Agency were announced.

CRA Budget news

• Pension Income Splitting
• Proposed increase to the age limit for RRSPs
• New Child Tax Credit
• Registered Disability Savings Plan
• Investment Tax Credit for Child Care Spaces
• GST/HST Instalment and Filing Thresholds
• Lifetime Capital Gains Exemption
• Transit Tax Credit
• Working Income Tax Benefit
• Remittance and Filing Thresholds - Individuals
• Remittance and Filing Thresholds - Businesses
• Remittance and Filing Thresholds - Employers

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