Line 23600 – Net income 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 ...

Even if you do not have to pay tax, file your return and a filled out Schedule 11 so the CRA can update its records with your unused amounts available to carry forward to other years. If you are ...

The IRS increased the exemption before the 2025 GOP tax bill was enacted. Find out how the megabill changes the threshold for estate taxes.