Your net income is used to calculate your federal and provincial or territorial non-refundable tax credits. The CRA also uses your net income (and your spouse's or common-law partner's net income) to ...

Before you start You must complete and file Schedule 11 with your Income Tax and Benefit Return, even if someone else paid your fees. If you are transferring an amount to a designated individual, only ...

The exemption amount for people who pass away in 2025 is $13.99 million (up from $13.6 million last year). Married couples can expect their exemption to be $27.98 million (up from $27.22 million ...