2017 Tax System Indexation

February 1, 2017 2:46 pm

On 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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