Daily Archives: January 31, 2020

Changes to Your Personal Tax Return in 2020

As of 2020, there have been several changes to the T1 Personal Tax Return. Below are some of the standard changes as well as the values for the 2019 tax return. Basic Personal Amount $13,229 in 2020 $12,069 in 2019 This is a non-refundable tax credit, in which you are only taxed on the income…