Real Change: A New Plan For a Strong Middle Class (page 5)

"The previous Conservative government had changed the law to boost cumulative annual contribution limits to TFSAs by $10,000 per year effective in 2015. As they promised, the Liberals have dropped next year's increase back to $5,500" (CBC, December 9, 2015)

"9. (1) The definition “TFSA dollar limit” in subsection 207.01(1) of the Act is amended by striking out “and” at the end of paragraph (b) and by replacing paragraph (c) with the following: 9. (1) L’alinéa c) de la définition de « plafond CÉLI », au paragraphe 207.01(1) de la même loi, est remplacé par ce qui suit : (c) for 2015, $10,000; and (d) for each year after 2015, the amount (rounded to the nearest multiple of $500, or if that amount is equidistant from two such consecutive multiples, to the higher multiple) that is equal to $5,000 adjusted for each year after 2009 in the manner set out in section 117.1. "  (Department of Finance Canada Website, Notice of Ways and Means Motion to amend the Income Tax Act, December 9, 2015)

"Budget 2016 eliminated income splitting for couples with children under 18. Pension income splitting was not affected by this change. " (CBC, Mars 22, 2016)

"the Liberals are determined to end income “sprinkling” or income-splitting that permits small business owners to pay dividends to their spouses and children (some of whom do very little work for their company), just so that income will be taxed at a lower rate" (Toronto Sun, December 05, 2017)

Guidance on the application of the split income rules for adults

"That being said, with top marginal tax rates for high-income earners over 50 per cent in more than half the provinces in 2018, there are still a bunch of perfectly legal income-splitting strategies you may want to consider for this tax year."

Financial Post, January 4, 2018