Amount: As of 2025, the basic personal amount in Canada is set at $ 15,705.00. This amount is adjusted annually to account for inflation and other economic factors. Calculation: To calculate …

Dec 18, 2025 · 4. Increase in the Basic Personal Amount In 2025, the federal Basic Personal Amount (BPA) is $16,129 for individuals with net income up to $177,882. Once net income …

Information for individuals about the non-refundable basic personal amount which reduces your federal tax.

(1) See the basic personal amount and spousal amount articles for information on the federal and Yukon personal and spousal amount increases. These increases are included in the Detailed …

The federal basic personal amount for 2025 is $16,129. This means you don't pay federal income tax on the first $16,129 of your income. You only pay the higher tax rate on income above …

Nov 21, 2024 · For 2024, the max is 3% or $2,759. Basic personal amount: The basic personal amount for 2025 is $16,129 for taxpayers with net income of $177,882 or less. At income …

Jul 18, 2025 · The 2025 tax-filing season brings several notable updates to the T1 Personal Income Tax Return in Canada. These changes aim to simplify the filing process, provide relief …

Employer’s EI contribution is 1.4 times the employee’s premium amount for pay period, unless a reduced rate applies.

Jun 20, 2025 · Several important tax amounts receive annual adjustments for 2025, providing enhanced relief for Canadian taxpayers. The Basic Personal Amount increases to $16,129 for …

Note that the 2025 federal basic personal amount (BPA) increased from $14,538 to $16,129 for taxpayers with net income of $177,882 or less. For income above this threshold, the additional …