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Tax Alerts

2016 federal budget: impact on families

The new Liberal government’s first budget included a number of measures impacting families. The new Canada Child Benefit, replacing the existing Universal Child Care Benefit (UCCB) and Canada Child Tax Benefit (CCTB) programs, is the one that has been highlighted by the government. However, there were other measures as well, including the elimination of the Family Tax Cut income-splitting tax credit, and the phasing out of both the children’s fitness and children’s arts credits.

Find out more about the impact of the 2016 federal budget on families. [ 136 kb ]