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
Mar 2016

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.