On December 22, 2023, the Federal government released each jurisdiction’s 2024 basic personal amounts (BPA).
The following is a detailed BPA for each province or territory.
|
Province or Territory |
Basic exemption |
|
Federal |
$15,705* |
|
Alberta |
$21,885 |
|
British Columbia |
$12,580 |
|
Manitoba |
$15,780 |
|
New Brunswick |
$13,044 |
|
Newfoundland and Labrador |
$10,818 |
|
Northwest Territories |
$17,373 |
|
Nova Scotia |
$11,481* |
|
Nunavut |
$18,767 |
|
Ontario |
$12,399 |
|
Prince Edward Island |
$13,500 |
|
Quebec |
$18,056 |
|
Saskatchewan |
$18,491 |
|
Yukon |
$15,705* |
*The Basic Personal Amount for Federal, Nova Scotia, and Yukon is unique to each employee’s annual income from all sources.
Employers should review the detailed BPA for each province and territory and update their payroll systems and processes to ensure accurate employee tax deductions based on the new BPA figures. This will help maintain compliance with tax regulations for the upcoming year.