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The Government of Canada also provides a Canada Learning Bond (CLB) to encourage low-income families to contribute to an RESP. Families with children born on or after January 1, 2004, and who receive the National Child Benefit, will receive an additional $500 CLB when they open an RESP and $100 for each year they remain eligible. [5]
The 2004 Canadian federal election resulted in a Liberal minority government. The enhancement of the CESG were later incorporated in the Canada Education Savings Act which was adopted on 7 December 2004 by a large majority of 273 votes for (from both Liberal, Conservative and Bloc MPs) versus 19 against (the entire NDP caucus). [6]
The Canadian federal government announced in 2023-24, $94.6 billion to transfer to the provinces and territories through major transfers (Canada Health Transfer, Canada Social Transfer, Equalization and Territorial Formula Financing), direct targeted support and trust funds), a $7 billion increase from the previous year, 2022-23. [2]
A formal system of equalization payments was first introduced in 1957. [7] [ Notes 1]. The original program had the goal of giving each province the same per-capita revenue as the two wealthiest provinces, Ontario and British Columbia, in three tax bases: personal income taxes, corporate income taxes and succession duties (inheritance taxes).
It was made independent from the Canada Health and Social Transfer program on 1 April 2004 to allow for greater accountability and transparency for federal health funding. In 2008/2009, the program transferred $10.6 billion in cash to the provinces and a further $8.5 billion in tax points.
The Canada Health Transfer was created by the 2003 First Ministers Health Accord signed by the provincial premiers and Jean Chrétien, prime minister of Canada at the time. The accord, signed on 3 February 2003, is a compromise between the two levels of governments, as the provincial premiers did not obtain a federal contribution as large as ...
A copy of the requester's government-issued ID; and; One of the following documents: • A copy of the will of the deceased AOL account holder giving the requester access to digital assets; or • A notice of executor or notice of administration giving the requester access to digital assets; or
Inheritance law in Canada is constitutionally a ... The process of probate in Ontario is a legal process where a court approves the validity of a will and grants ...