2020 Brings Lower Taxes for the Middle Class and People Working Hard to Join It

To build on this progress and to help put more money in the pockets of Canadians, the Government has proposed to raise the Basic Personal Amount (BPA), which is the amount of money Canadians can earn before they have to pay federal income tax. The increase coming into effect on January 1, 2020 is the first step in the Government’s proposal to increase the BPA to $15,000 by 2023.

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