How Much Is The Standard Deduction For 2024 In Canada

How Much Is The Standard Deduction For 2024 In Canada. If your net income is above $214,368, the change does not apply to. The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation.

If your net income is above $214,368, the change does not apply to. The increase is gradually reduced for individuals with net income between $150,473 and $214,368.