Increasing the Northern Residents Deduction
2016 Federal Budget March 22, 2016
To help draw skilled labour to northern and isolated communities, Budget 2016 proposes to increase the maximum daily residency deduction to $22 from $16.50.
This measure will be effective as of January 1, 2016 and is estimated to reduce federal revenues by about $255 million over the 2015-16 to 2020-21 period.