The estimated total cost of the tax credit in 2021 is $265 million.
tax credits
April 14, 2021
8:14AM
The government offset the benefits of the lower tax rate by eliminating tax credits.
September 17, 2019
11:03AM
Low-income individuals and families facing high METRs would benefit from lower claw-back rates.
December 3, 2018
11:39AM
The Trudeau government will give nearly $600 million worth of new tax credits and incentives to Canada’s media industry.
June 7, 2018
10:27AM
More than 80 per cent of middle-class families have experienced an increase in their federal income taxes.
May 4, 2018
10:26AM
Private-sector investment is slated to fall again this year—the fourth consecutive annual decline.
January 15, 2018
10:28AM
Nine-in-10 Canadian families with children will pay, on average, $2,218 more per year.
December 12, 2017
12:16PM
In 1917, the Income Tax Act contained 3,999 words—by 2016, it ballooned to 1,029,042 words.
October 30, 2017
2:01PM
The Trudeau government eliminated a number of tax credits, thereby increasing income taxes for some Canadians.