- Region: 4102-85 Queens Wharf Rd
- City: Toronto
The 2022 tax season includes several updates for Ontario and Alberta taxpayers. Key changes include deductions for repaid COVID-19 benefits, an increased basic personal amount of $14,398, and an expanded first-time home buyer’s amount of $10,000. The Home Accessibility Tax Credit limit rises to $20,000, and the METC now covers surrogacy expenses. New deductions are available for tradespersons’ mobility and Ontario's staycation tax credit. OAS benefits thresholds are updated, and the RRSP limit is $29,210. Immediate expensing for eligible property and the Underused Housing Tax are also introduced. For 2023, tax brackets, OAS clawback thresholds, and several new credits and rules are adjusted.
For more information please visit - https://www.maroofhs.com/post/2023-tax-changes-updates-canada/
Address:
Maroof HS CPA Professional Corporation
4102-85 Queens Wharf Rd
Toronto, M5V 0J9, ON
Canada
(647)724-4308
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