This says that the basic personal amounts are $13,229. If net income is more than $150,473, then the personal claim amount is $12,298. My employees don't make over $150K but their personal exemptions have been changed to $12,298. . What am I missing?
"1. Basic personal amount – Every resident of Canada can claim this amount. If your net income from all sources for the year will be $150,473 or less, enter $13,229.
If your net income will be between $150,473 and $214,368 and you want to calculate a partial claim, get Form TD1-WS, Worksheet for the 2020 Personal Tax Credits Return, and fill in the appropriate section. If your net income will be between $150,473 and $214,368 and you do not want to calculate a partial claim, or if it will be more than $214,368, enter $12,298. If you will have more than one employer or payer at the same time in 2020, see "More than one employer or payer at the same time" on page 2. If you are a non- resident, see "Non-residents" on page 2."
