The Ins and Outs of Personal Tax in Canada
When you file personal taxes in Canada, you'll be paid in quarterly installments. These payments are due on the 15th of the month following the quarter in which you file. If you miss the deadline, late remittance penalties will apply. Read on to learn more about the ins and outs of personal tax in Canada. Income included in personal tax Canada One way to reduce your tax burden is by applying for tax credits. Some of these are refundable and some are not. The basic personal amount is $14,398 for the 2022 taxation year, but it will vary by province.…