2017 Tax System Indexation
February 1, 2017 2:46 pmOn January 1, 2017, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 1.4%.
The Canada Child Benefit and the goods and services tax credit will take effect July 1, 2017.
For 2017 the federal tax bracket thresholds are:
→ 15% for taxable income between $0.00 and $45,916
→ 20.5% for taxable income above $45,916
→ 26% for taxable income above $91,831
→ 29% for taxable income above $142,353; and,
→ 33% for taxable income above $202,800
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