host picture

  |
Bookmark and Share

Credit Unions see tax credits clipped by Flaherty

valleyfirst.jpeg
(Courtesy Valley First)
Credit unions are feeling the sting of Jim Flaherty's efforts to cut the federal deficit.

The federal government is phasing out the tax credits over five years to save the millions of dollars.

So what does this mean for Canadians who choose credit unions over banks?

Tom Webster is the chief financial officer of First West Credit Union which is the parent company of Valley First. It has 19 branches and nearly 50 thousand clients in the Southern Interior.

Download Flash Player to view this content.

Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.

Submission Policy

Note: The CBC does not necessarily endorse any of the views posted. By submitting your comments, you acknowledge that CBC has the right to reproduce, broadcast and publicize those comments or any part thereof in any manner whatsoever. Please note that comments are moderated and published according to our submission guidelines.