Liberal plan to raise basic personal income tax deduction to cost $21B over 5 years: PBO | CBC News
During
the federal election, Prime Minister Justin Trudeau promised to
increase the basic personal deduction to $15,000 from the current
$12,298 through a means-tested roll-out meant to benefit people earning
under $147,000.
the federal election, Prime Minister Justin Trudeau promised to
increase the basic personal deduction to $15,000 from the current
$12,298 through a means-tested roll-out meant to benefit people earning
under $147,000.
Canadians only pay taxes on income greater than the basic personal amount.