4 ms·
You can argue that X is the wrong value, but in Canada income under X (the BPA set for that year) is not taxed, as you deduct the Basic Personal Amount from you
by dorfsmay 3y ago
You can argue that X is the wrong value, but in Canada income under X (the BPA set for that year) is not taxed, as you deduct the Basic Personal Amount from your gross income revenue before calculating your taxes.
https://www.canada.ca/en/revenue-agency/programs/about-canada-revenue-agency-cra/federal-government-budgets/basic-personal-amount.html https://www.canada.ca/en/revenue-agency/programs/about-canad...