The 2013 Federal Budget was released yesterday.
Please click here to view 2013 Federal Budget Highlights
Two measurers that stand out are the proposed changes to the dividend gross up and dividend tax credit on non-eligible dividends and an increase to the capital gains exemption. The maximum federal tax rate on non-eligible dividends will increase from 19.6% to 21.2% and the lifetime capital gains exemption will increase from $750,000 to $800,000 under this proposal.
If you have any questions, please do not hesitate to contact us.
Gord, Randy, Steve & Joel
Sedgwick Post & Hogg LLP Phone: 705-527-6555 Fax: 705-528-7050 www.georgianbayaccountants.ca
