Federal tax brackets in Canada will increase by 2.4% based on inflation. The basic personal amount (the amount of tax-free annual income) has increased from $13,808 to $14,398 ($590 increase). Employment Insurance (EI) premium is expected to remain the same as 2021 at 1.58%.
Deductions, credits and expenses related to employment Line 21200 – Annual union, professional or like dues Find out which union or professional dues related to your employment income can be deducted
What is the Canada caregiver credit? Do you support a spouse or common-law partner, or a dependant with a physical or mental impairment? The Canada caregiver credit (CCC) is a non-refundable tax credi
Applicants can now complete Part A of the DTC application using the new digital form. The disability tax credit (DTC) is a non-refundable tax credit that helps people with disabilities, or their suppo