Canada Revenue Agency
www.cra.gc.ca
Common menu bar links
Budget 2011
The following questions and answers are based on proposed measures that were announced in the 2011 budget on June 6, 2011. Please note that these measures will not become law until they have received Royal Assent.
The CRA will continue to communicate tax changes through its Web site, its forms and publications, its phone enquiries services and other communication channels, as the information becomes available.
In the meantime, consult the Web site of the Department of Finance Canada to find out more.
CRA 2011 Budget News
Individuals
- Children's Arts Tax Credit (CATC)
- Family Caregiver Amount (FCA)
- Volunteer Firefighter Tax Credit (VFTC)
- Eligibility for the Amount for Children under Age 18 at the End of the Year (child amount)
- Tuition Amount – Examinations
- Education Tax Measures – Study Abroad
- Medical Expenses Tax Credit (METC) for Certain Dependants
- Lump sum amounts received in lieu of health and dental coverage
- Canada Child Tax Benefit (CCTB) and the Goods and Services Tax/Harmonized Sales Tax (GST/HST) credit
- Children's Special Allowances
Savings Plans
- Individual Pension Plans (IPPs)
- Registered Disability Savings Plans (RDSP) - Beneficiaries with Shortened Life Expectancies
- Transfers of Property Between Registered Education Savings Plans (RESP)
- Registered Retirement Savings Plans (RRSP) and Registered Retirement Income Funds (RRIF) – Anti-avoidance Rules.
Businesses
- Partnerships – Deferral of Corporate Tax
- T4A Slip – Box 048
- Filing Penalty – Information Returns
- Hiring Credit for Small Business
- Taxpayer Fairness Mechanisms
- My Business Account – Responses to Enquiries
