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TaxMatters@EY – May 2015

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Building a better working world means understanding your tax situation and how the ever-changing global tax landscape affects you. TaxMatters@EY is a monthly Canadian bulletin that summarizes recent tax news, case developments, publications and more.

The federal budget tabled on 21 April 2015 proposed to increase the annual contribution limit for tax-free savings accounts from $5,500 to $10,000 per year. The ministers of finance and national revenue recently issued a joint statement announcing that individuals can immediately benefit from the proposed increase in the 2015 contribution limit.

The May issue also features:

You’ll find all this and more in this edition of TaxMatters@EY.