The New Budget
As many of you have probably heard, there was some big news announced in the last budget that will benefit your Investment Plans. The budget, which was the first for Finance Minister Joe Oliver, included some changes to EI Benefits, Registered Disability Savings Plans and Foreign Asset Reporting. It also included a large increase in what Canadians will be allowed to hold in their Tax Free Savings Accounts. As previously promised to Canadians, the Government will be allowing contributions of $10,000 per year starting January 1, 2015.