Monday, 7 December 2015

Tax Changes

The Federal Basic Tax Amount has been increased from $11,327 to $11,474. The Provincial Basic Tax Amount has been increased from $18,214 to $18,451. If you have non‐basic tax exemptions, please submit an updated 2016 TD1 Personal Tax Credits Form and if necessary, a 2016 TD1 Provincial Tax Credits form from the Canada Revenue Agency website.