2024 Personal Tax Credits Return Form Ontario. You may enter a partial amount if your net income for the year will be between $45,068 and $85,428. 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.

My total claim amount was only line 1, i.e. Personal income tax is collected annually from ontario residents and those who earned income in the province.