Solved: How to claim the family tax cut
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    mmcginn50
    New Member
    posted
    ‎October 30, 2019 12:55 AM
    last updated ‎October 30, 2019 12:55 AM

    How to claim the family tax cut

     
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    TurboTaxTerry
    New Member
    ‎October 30, 2019 12:55 AM

    How to claim the family tax cut

    The Family Tax Cut no longer exists in 2016 the current Federal Government removed the tax reduction credit effective for 2016 tax year.

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    TurboTaxTerry
    New Member
    ‎October 30, 2019 12:55 AM

    How to claim the family tax cut

    The Family Tax Cut no longer exists in 2016 the current Federal Government removed the tax reduction credit effective for 2016 tax year.

    View solution in original post

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    TurboTaxTerry
    New Member
    ‎October 30, 2019 12:55 AM

    How to claim the family tax cut

    From the CRA website: "For the 2016 and subsequent taxation years, Budget 2016 proposes to eliminate the income splitting tax credit. The income splitting tax credit remains effective for the 2014 and 2015 taxation years."
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    TurboTaxTerry
    New Member
    ‎October 30, 2019 12:55 AM

    How to claim the family tax cut

    The Pension Splitting Tax Savings option remains in place for 2016 and future years on qualifying pension income.
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