Dates Worth Noting

ï The 15% federal corporate income tax rate kicked in Jan. 1, the final stage of the federal government's tax-reduction plan begun in 2007.

ï Also effective Jan. 1, the 15% non-refundable Family Caregiver Tax Credit on an amount of $2,000 will provide tax relief to caregivers of infirm dependent relatives who historically have received little support, including common-law partners and minor children.

ï The temporary 50% straight-line accelerated capital cost allowance rate for investments in manufacturing or processing machinery and equipment has been extended in the 2012-2013 fiscal year.

ï You now have $5,000 more room in your Tax-Free Savings Account (TFSA).

ï This year's deadline for making a contribution to your RRSP is Wednesday, Feb. 29.