Written by Marcy Ages, Senior Consultant & Certified Professional Consultant on Aging, B.A, CIM, CFP, CPCA, CLU
November 4, 2014
Those of you who are familiar with my previous blogs know that I’m passionate about issues around eldercare and finding resources to help you with family-related tax challenges. So I’m eager to talk about Prime Minister Steven Harper’s announcement last Thursday that the government would move forward with income splitting for families with children under the age of 18.
The new Family Tax Cut has sparked some controversy over its sizeable price tag, but offers substantial benefit to those able to take advantage. Here’s a brief overview of who will be affected and how.