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Canada’s New Government Receives Recommendations on Savings Measures to Help Children With Severe Disabilities

The following News Release or Speech has just been posted on the Finance Canada Site.

Ottawa, December 12, 2006
2006-079

The Honourable Jim Flaherty, Minister of Finance, today received recommendations from an expert panel appointed last summer to examine ways to help parents save for the long-term financial security of a child with a severe disability.

“On behalf of Canada’s New Government, I wish to thank the panel for taking the time away from family and work to assist us on addressing this important issue,” said Minister Flaherty. “Government must better enable parents to set aside funds today to financially support a child with a severe disability, when they are no longer able to provide support. I look forward to reviewing the panel’s advice on how this objective could be achieved.”

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Potential investors reminded to exercise caution with respect to certain

Subject: CRA Electronic mailing list service

http://www.cra-arc.gc.ca/newsroom/alerts/2005/a051122-e.html

Potential investors reminded to exercise caution with respect to certain donation arrangements

As the calendar year end approaches, investors may see an increasing number of advertisements for tax shelter donation arrangements.

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Owners of self-directed RRSPs should use caution with tax-free withdrawal schemes

Subject: CRA Electronic mailing list service

www.cra-arc.gc.ca/newsroom/alerts/2005/a051110-e.html

Taxpayer Alert

Owners of self-directed RRSPs should use caution with tax-free withdrawal schemes

Taxpayers should use caution before taking part in any scheme that promises a tax-free withdrawal of Registered Retirement Savings Plan (RRSP) funds.

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