The Federal Government presented its 2014 Budget, “The Road to Balance: Creating Jobs and Opportunities,” on Tuesday, February 11. The Government won’t raise personal or corporate taxes in 2014 and predicts a $2.9 billion deficit in 2014–15.
Soon, television and radio, as well as the internet, will be filled with advertisements reminding Canadians that it is, once again, registered retirement savings plan (RRSP) season.
Not even the tax authorities can do anything about the weather. They can, however, ensure that taxpayers who suffered through the storms that occurred in late December don’t also get penalized for any resulting failure to meet their tax obligations.