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CALU 2016 Pre-budget Submission

On May 25, 2015 the House of Commons Standing Committee on Finance launched its pre-budget consultation process, and invited Canadians to participate. Suggestions made by Canadians and the pre-budget report compiled by the Committee will be considered by the Minister of Finance in the development of the 2016 federal budget.

As part of that process, CALU has made a submission to the House Finance Committee renewing our recommendation  that a federal tax incentive be implemented to encourage Canadians to become more self-sufficient with respect to their long-term health care needs through the purchase of long term care insurance. CALU is also recommending that the existing federal tax rules in section 84.1 of the Income Tax Act be modified to support the transfer of incorporated small businesses to family members on a tax neutral basis. We have made a request to appear before the Committee to provide more details on our recommendations.

To view a copy of the CALU 2016 Pre-budget Submission please click here.

Below you will find other background information and reports that have either been prepared by CALU or reviewed as part of the development of our submission relating to our long term care recommendations. Information relating to our submission on section 84.1 of the Act will be added as it is completed.

Long Term Care

CALU Resources

Industry Resources

Family Business

CALU Resources