 | option to split retirement income between
spouses |
| changes will be made to the tax credit for
minor children engaged in vocational training
or post-secondary studies to make it fairer
and more favourable to parents. |
| the tax credit for adult children who are
students will be replaced by a transfer
mechanism for the recognized parental
contribution. |
| the portion of the tax credit for tuition
fees and examination fees that a student does
not use may be transferred to a parent or
grandparent. |
| introduction of a refundable tax credit to
be paid into an RESP, similar to the Canada
education savings grant (CESG), that will
enable families that contribute to an RESP
after budget day (Feb 20, 2007) to obtain financial
assistance of up to a lifetime maximum of
$3,600 per child. |
| increase in the tax credit for retirement
income from $1,000 to $1,500 |
| introduction of a refundable tax credit for
people providing respite to informal
caregivers |
| granting of the refundable tax credit for
child care expenses regardless of the amount
of earned income |
| increase in the rate of the tax credit for
the treatment of infertility from 30% to 50%,
for the third or any additional attempt at in
vitro fertilization. A new series is
considered to begin after the birth of a
living, viable child. |
