who will tax exemtion in canada ?

Answer this question

  • who will tax exemtion in canada ?


Answer #1 | 06/12 2013 16:59
In Canada, your income is exempt from Federal income tax when it is less than $10,822 (in 2012). The level is about $6,500 higher if you are over age 65. There are also credits based on how many children you have, your status as a disabled person, and a few other things. There are no blanket exemptions for any group except for 1) people with Native status who work and live on a reserve, or 2) members of the clergy who have taken a vow of perpetual poverty and give all of their income to their religious order.

Possible answer