Economy | FAMILIES

Increase the Northern Residents Deduction residency component by 33% (to a maximum of $22 per day).

Liberal Platform (Page 21) | October 5, 2015
Achieved
March 22, 2016

Increasing the Northern Residents Deduction

2016 Federal Budget

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.