How Select From Your Canadian Tax Software Program: Difference between revisions
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Revision as of 18:54, 17 August 2026
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A personal exemption reduces your taxable income so you wind up paying lower taxes. You may be even luckier if the exemption brings you together with a lower tax bracket. For the year 2010 it is $3650 per person, same as last year's amount. Throughout the year 2008, the amount was $3,500. It is indexed yearly for rising cost of living.
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