WE WILL PREPARE AND SUBMIT PERSONAL TAX RETURNS BASED ON THE INFORMATION YOU PROVIDE. WE ARE A REGISTERED E-FILER, WITH CRA, ENABLING US TO PROCESS YOUR RETURN QUICKLY AND EFFICIENTLY.
NET INCOME FOR TAX PURPOSES
Net Employment Income – activities of individuals serving as employees
Net Business Income – inclusions related to carrying on a business
Net Property Income – interest received on debt securities, dividends received on equity securities and lease payments received on rental property
Capital Gains – occur when an asset that has been used to produce business or property income is sold
note: only 1/2 of capital gains are taxed and only 1/2 of capital losses are deductible
Pension Income
Spousal Support
Social Assistance
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| 1st income bracket-15% | Up to $49,020 | Up to $48,535 | Up to $47,630 |
| 2nd income bracket-20.5% | Up to $98,040 | Up to $97,069 | Up to $95,259 |
| 3rd income bracket-26% | Up to $151,978 | Up to $150,473 | Up to $147,667 |
| 4th income bracket-29% | Up to $216,511 | Up to $214,368 | Up to $210,371 |