Well, it looks like the budget that was proposed today won't go through, and instead we'll go to the polls. The highlights most of the news stations carried did not have a lot of detail, but there were a few things of interest to our community, and one pretty big one.
This would amount to around $300 back on our income tax each year. Not huge, but every little bit helps of course. If that's per child, in our case it would be $600.
We certainly haven't come anywhere near that $10,000 limit, but I can see there being a year or two where we might, especially when it comes to an accessible vehicle, and retrofitting the house with wheelchair lifts, the bathroom, etc.
However, to me, the biggest benefit of this budget would have been the following:
Under the current rules, there was basically no way for our boys, given their shortened life expectancies, to get real value out of RDSPs. Should this change go into whatever budget we get, it suddenly becomes a viable option for a savings plan to help out with their future expenses.
I don't want to suggest that anyone vote based on this alone, there are lots of other consideration. However, if we indeed our headed to the polls in the coming months, I plan to approach every candidate in my riding, and explain that these relatively small changes to the current rules can make a huge impact on families in situations like ours.