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The Ontario Fall Economic Outlook foreshadows a bold 2015 budget
This year’s Fall Economic Outlook revealed that the Ontario economy is growing at a slower pace than hoped. The province’s revenue is below expected returns, with revenue for the 2014-2015 fiscal year expected to be $118.4 billion.
The Children’s Fitness Tax Credit needs change, not expansion
The Children’s Fitness Tax Credit (CFTC) is a federally administered tax credit eligible for families that enroll their children in organized fitness or sports programs.It was recently announced that, this year, the tax credit’s maximum allowance of $500 per child will be expanded to $1,000 per child, and effective from 2015, the tax credit will become refundable.