What is a basic personal amount?

The basic personal amount is the amount of income you can earn without having to pay any income tax.

What is the basic personal amount for this year?

The amount for 2024 was $14,156 and will be increasing by indexation to $14,538 in 2025.

Updates & Announcements

On December 9, 2019, the federal government announced that an “additional amount” would be added for 2020 and later.

For 2024, this additional amount is $1,549 bringing the Basic Personal Amount to $15,705. For 2025, the additional amount is $1,591 bringing the Basic Personal Amount to $16,129.

The additional amount is gradually reduced with income in excess of $177,882 ($173,205 in 2024), and reduced to zero when income reaches $253,414 in 2025 ($246,752 in 2024).

Government of Canada – Non-refundable and refundable tax credits