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Tax tips to kickstart 2019 for every age group, from teens to seniors

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Attention teens: Earned income in 2018 could create RRSP contribution room that may be used in future years.Illustration by Chloe Cushman/National Post files

Welcome to 2019 — the dawn of a brand new tax year. Here are some tax tips for each age and stage to get you off on the right tax foot for the year ahead.

Teens

Most teens don’t earn enough income to pay any federal or provincial tax. The no-tax threshold for 2019 is $12,069, which is the basic personal amount, meaning that as long as your taxable income is below this level, you won’t owe any tax and generally don’t have to file a tax return.

But just because you don’t have to file, should you?

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