The costs associated with the increase to the $1,000 limit in 2014 for the 2014-15 year is $25 million. Starting with the 2015-16 year, with the refundable fee, it will increase to $35 million annually.
November 5th, 2014 / 4:10 p.m.
Director, Personal Income Tax, Tax Policy Branch, Department of Finance
The costs associated with the increase to the $1,000 limit in 2014 for the 2014-15 year is $25 million. Starting with the 2015-16 year, with the refundable fee, it will increase to $35 million annually.
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