An amount of an employee's annual earnings not subject to income tax is the
A)Workers' compensation allowance.
B)Canada Pension Plan allowance.
C)Basic personal amount.
D)Workers' allowance.
E)Employment insurance allowance.

Question

Quizplus · Accepted Answer

The basic personal amount is a non-refundable tax credit that can be claimed by all Canadian taxpayers on their annual tax return. It is the amount of income that an individual can earn in a year without paying federal or provincial income tax. For the 2021 tax year, the federal basic personal amount is $13,808.

An Amount of an Employee's Annual Earnings Not Subject to Income