Underused housing tax – requirements and exemptions
In Budget 2021, the federal government announced plans for an annual one per cent tax on the value of residential…
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Federal individual tax rates and brackets for 2023
The indexing factor for federal tax credits and brackets for 2023 is 6.3%. The following federal tax rates and brackets…
Federal individual tax credits for 2023
Dollar amounts on which individual non-refundable federal tax credits for 2023 are based, and the actual tax credit claimable, will…
Canada Pension Plan Contributions for 2023
The Canada Pension Plan contribution rate for 2023 is set at 5.95% of pensionable earnings for the year. Maximum pensionable…
Tax deadlines and limits for the 2023 tax year
Each new tax year brings with it a listing of tax payment and filing deadlines, as well as some changes…
Employment Insurance Premiums for 2023
The Employment Insurance premium rate for 2023 is set at 1.63%. Yearly maximum insurable earnings are set at $61,500, making…