Fact sheet - What’s new on your 2007 income tax and benefit return
The following is now available on the CRA Web site:
The Canada Revenue Agency (CRA) wants you to know about the following changes in the 2007 individual income tax and benefit return:
Lowest tax rate – The lowest tax rate has been reduced to 15% for 2007. This rate also applies when calculating federal non-refundable tax credits.
Federal non-refundable tax credits – The following changes have been made to the amounts used in calculating your federal non-refundable tax credits:
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