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…
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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…
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…