To help in tracking the promises that each of the federal parties are making prior to election day on Monday April 28 this link has been prepared by CTV News and is the most current.
Of particular interest is the potential that:
- An additional $5,000 in Tax-Free Savings Account (TFSA) contribution room over and above the current $7,000 provided the additional $5,000 goes to Canadian investments.
- Working seniors could earn up to $34,000 tax free.
- Seniors could keep their savings in an Registered Retirement Savings Plan (RRSP) until age 73, up from 71.
- A potential 2.25 per cent income tax cut
This is a very important election and one that will shape our future for years to come. Most importantly, get out and vote on the 28, or before.