2012 Federal and Ontario Budgets
Finance Minister James Flaherty tabled the 2012 federal budget on March 29. Jerry Rubin, Vice-President of the Wealth Planning Group, CI Financial, has prepared a commentary. In it he notes:
There were no tax rate increases in the budget, nor were there any changes to previously announced tax rate reductions. As expected, the prime minister’s musings regarding the future sustainability of Canada’s retirement income system at the Davos World Economic Forum in January translated into the budget proposal to increase the Old Age Security eligibility age from 65 to 67.
You can read the rest of Jerry Rubin’s highlights of the budget here.
Also, a few days earlier, Ontario Finance Minister Dwight Duncan tabled the 2012 Ontario provincial budget on March 27. For highlights of the provincial budget, see here.