The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

Remember, the new tax regime is the default tax regime. Hence, the basic exemption limit of Rs 3 lakh will be applicable for all taxpayers. According to income tax laws, income tax return filing is ...

Listen to Story Budget 2025 may bring key changes to the new tax regime Basic exemption limit may rise from Rs 3 lakh to Rs 3.5 lakh Section 87A rebate may extend to income up to Rs 8 lakh Some major ...

Prime Minister Narendra Modi’s statement on seeking Goddess Lakshmi’s blessings for the poor and the middle class has triggered hopes of Budget 2025 reducing individual taxpayers’ income tax ...