What is the Income tax exemption limit in Ontario?
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What is the income limit for which you don't have to declare in your income tax return? I only earned a bit over $7000 as a self-employed last year but I'm unsure if I have to declare it or not. I know there is a limit on the amount you don't have to declare but I can't find this info anywhere. Does anyone know what's the limit? Thanks.
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Answer:
You have to declare all of your income on your return. You're likely to not have to pay taxes on that amount, but you still are required to declare it.
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