The Department of Finance has published a summary of tax relief measures for 2008 and 2009. The following measures came into effect in 2009
1.) Launch of the tax-free savings account 2.) Reduction of the general corporate income tax rate from 19.5% to 19% 3.) Reduction in the rate of withholding tax on interest payments from Canada to non-arm's length U.S. lenders from 7% to 4% (Click herefor Details)
