Canada’s 2024 tax landscape introduces several updates affecting both individuals and businesses. Here are some key changes:Personal Income Tax Brackets and Basic Personal Amount: Federal tax brackets have been adjusted to account for inflation, allowing a modest... ...
A Tax-Free Saving Account allows any Canadian over the age of 18 to save or invest money without paying taxes on the gains made inside the account. The federal government has increased the TFSA contribution limit to $6,500. This amount is $500 higher than in 2022, which marks the first...