Taxes 2024: Here are some changes you need to know for tax season

With tax season upon us, there are several tweaks to the filing process this year that Canadians need to be cognizant of before it’s time to submit that paperwork. With tax season upon us, there are several tweaks to the filing process this year that Canadians need to be cognizant of before it’s time to submit that paperwork.

For Canadians looking to save for their first home, Canada’s First-Home Savings Account could have tax implications. “People might see some of their first paycheques, they're paying a little bit more into those programs,” Whiteland said. “The CPP increase is part of CPP enhancements, so there's a little bit more with that program.”

When it comes to the RRSP, the contribution limit is $30,780 or 18 per cent of your income, whichever is lower. The deadline this year for contributions was Feb. 29.D'Angelo Russell scores 44 points in LeBron-less Lakers' stunning 123-122 win over Bucks

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