– The deferral period for donations of ecologically sensitive property is extended from five to ten years for gifts made after February 10, 2014.
– Since 2014, it is no longer necessary to apply for the GST/HST tax credit by checking the related box in a tax return. The CRA will automatically send a notice of determination to qualifying individuals.
– The assistance provided to individuals living in a northern village through the solidarity tax credit is increased since 2014.
– The political contributions tax credit is increased in 2014.