Available Tax Credits 2024 Canada

Available Tax Credits 2024 Canada. While there weren’t any new tax credits introduced this year, there were several important changes made to canadian tax codes for the 2024 tax season. The tax credit is calculated using the lowest tax rate (15% federally), so the maximum federal tax credit for 2023 is $1,259.


Available Tax Credits 2024 Canada

Below is a breakdown of some of the key refundable tax credits available in 2024, highlighting their eligibility criteria, how to apply, and practical examples to help you. Some deductions and credits are available by design and apply automatically.

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