Cra Taxable Benefits 2024 List. $15,705 (up from $15,000 in 2023). 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.
Registered retirement savings plan (rrsp) has a maximum 2024 contribution limit of $31,560, or 18% of your 2023 income, whichever is higher. If not, you may miss opportunities to add extra cash to your wallet.