Personal Tax Credits 2024 Canada. Td1bc 2024 british columbia personal tax credits return; Every taxpayer gets a tax credit for the basic personal amount, so any person can earn taxable income of $15,705 in 2024 without paying any federal tax, and can earn anywhere from $8,481 to $21,885, depending on the province or territory.

Learn about tax credits, filing tips, and how a tax accountant can help maximize your refund and minimize stress. Tax credits, by comparison, reduce the amount of tax you pay, potentially lowering your tax bill.