Update: Announcement by the Minister of Finance

December 7, 2015

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On December 4, 2015, Governor General David Johnston delivered the Speech from the Throne that reiterated the new Liberal government’s pledge to cut tax rates for middle-income earners.

Earlier today, the Minister of Finance announced further details, including plans to cut taxes for the middle class, raise taxes for the top one per cent and roll back the TFSA contribution limit to $5,500. MD is currently looking at these changes and the potential impact to clients. An update will be posted later this week

About MD Financial Management

Owned by the Canadian Medical Association, MD Financial Management’s only business imperative is to enhance physicians’ financial outcomes by focusing on their distinctive needs and operating in their best interests.

MD has more than $40 billion in assets under administration and is dedicated to serving Canada’s physicians and their families. MD provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies. For a detailed list of these companies, visit md.cma.ca.

Media Contacts

Maria Grant
Lead, External Communications
maria.grant@md.ca
613 809-0657

Deborah Thompson
DT Communications
deborah@dt-communications.ca
416 918-9551

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed. Their values change frequently and past performance may not be repeated. To obtain a copy of the prospectus, please call your MD Advisor, or the MD Trade Centre at 1 800 267-2332. The MD Family of Funds is managed by MD Financial Management Inc., a CMA company.

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