No personal income tax changes were announced, but the small business corporate income tax rate is reduced from 3% to 2.5% effective January 1, 2024. There is no mention of whether the non-eligible dividend tax credit will be reduced as[…]
The GST credit is a quarterly tax-free payment low/moderate income individuals and couples. It is paid automatically based on the tax return filed for the previous year. For this reason, a tax return should be filed even if there is[…]
Projected 2023/2024 deficit has more than doubled, later projected surpluses have become very large deficits. No personal or corporate income tax changes except for simplifying the OCASE tax credit. Temporary gas/fuel tax rate cuts extended to December 31, 2024.