Summary 2015 New Year’s Tax Cut:
• The biggest tax changes for 2015 are from the changes to the Universal Child Care Benefit (UCCB). They lower the taxes for all families with children under eighteen.
• There are also big tax savings for families from the Family Tax Cut that will be implemented retroactively for the 2014 tax year.
• There is very little change to the Canadian Pension Plan and Employment Insurance payroll taxes. The rates for both stay the same, but the income thresholds