Retirement
2024 Federal Budget and How It Will Impact Retirees
On April 16 the Minister of Finance delivered the 2024 Federal Budget in the House of Commons. The budget contained a long list of new spending initiatives and also included new tax measures that will have a big impact on individual Canadians and businesses. In this video I am going to focus on 4 items in the budget that I believe will have an impact specifically for retirees and their families.
1. The New Capital Gains inclusion rates
2. Amendments to the Home Buyers Plan
3. New RESP rules
4. Automatic Tax Filing
5. My personal thoughts on the budget to close
Discussion