Basic Personal Amount:

The Basic Personal Amount is one of the elements included in calculating your non-refundable tax credits. Individuals with taxable income up to this amount will not pay income tax.

The federal Basic Personal Amount will increase from $8,929 to $9,600 for the 2007 and 2008 tax years, to be followed by an additional increase to $10,100 for the 2009 tax year.

Spousal Amount:

This is the amount an individual can claim for a dependant spouse or in the case of a single parent how much can be claimed for a dependant child.

The maximum Spouse or Common-Law Partner Amount and Amount for an Eligible Dependant will also increase from $8,929 to $9,600 for the 2007 and 2008 tax years, to be followed by an additional increase to $10,100 for the 2009 tax year.

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