Do you have to pay taxes if you work part-time?

Yes, you have to report your income as a resident of Canada. However, if the income you have received is lower than the basic personal amount tax credit, then you may not have to pay any taxes. Also, if any other tax credit is more than the income you received as a part-time worker, you may not have to pay any tax in the year.

How much can you make without paying tax 2024?

The maximum basic personal amount for the 2024 taxation year is $15,705. If you make this amount or lower, you will not have to pay personal income tax because the basic personal amount credit reduces your taxable income to zero.

Adeola Ojierenem

Adeola is a Chartered Professional Accountant and business finance professional. She is very passionate about financial literacy and education. When she’s not crunching numbers, she loves spending time with family.

Latest posts from Adeola Ojierenem

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Adeola Ojierenem

Latest posts from Adeola Ojierenem

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