With a commitment to help Canadian families thrive, targeted programs, initiatives and funding priorities have been created. Tax reform, pension reform and support for small businesses all allow Canadians to save on taxes and keep more of their hard-earned money, thus boosting the economy.
Learn how the Economic Action Plan is working for you:
Children’s Arts Tax Credit
The Government has introduced a 15% non-refundable Children's Arts Tax Credit to better recognize the costs associated with children's artistic, cultural, recreational and developmental activities.
First-Time Home Buyers' Tax Credit
To assist first-time home buyers with the costs associated with the purchase of a home, the federal government introduced the First-Time Home Buyers’ Tax Credit—a $5,000 non-refundable income tax credit amount on a qualifying home.
Review of the Registered Disability Savings Plan
Through Canada’s Economic Action Plan, the federal government is committed to ensuring that Registered Disability Savings Plans continue to meet the needs of Canadians with severe disabilities and their families.