The era of bizzare tax credits continue. An extra 25% credit is given for anyone giving to charity for the first time since 2007 (only donations after the budget date count). At least I sort of understand the child fitness and arts tax credit (though I hate them), this new credit just seems to boggle the mind. Not sure what this will achieve other than less tax revenue.
Other important individual tax impact was the change in gross up and dividend tax credits for non-eligible dividends. Essentially non-eligible dividends are now taxed at a higher rate, increasing the desire of eligible dividends. For us tax folks, that is very interesting and affects alot of tax planning in the future (though I'm not quite sure the magnitude of the tax rate change)
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