Federal Budget 2015

Federal Minister of Finance Joe Oliver tabled the Economic Action Plan 2015 on April 21, 2015.

Highlights include proposals to:

  • Increase the lifetime Capital Gains Exemption to $1 million for qualified farm property
  • Reduce small business tax rate from 11% to 9% by 2019
  • Increase the Tax-Free Savings Account annual contribution limit to $10,000, effective for the 2015 taxation year
  • Reduce Employment Insurance premiums in 2017
  • Invest $18.1 million over two years, starting in 2016-17, to promote trade opportunities for the agriculture and agri-food sector
  • Provide an additional $12 million over two years, starting in 2016-17 to market Canadian agricultural and agri-food products around the world

Budget in Brief
Budget Plan 2015