On January 1, 2013, all indexed personal income tax amounts, including tax bracket thresholds and amounts used to calculate non-refundable tax credits, were adjusted by 2.0%. The Canada Child Tax Benefit and the goods and services tax credit will take effect July 1, 2013.

For 2013 the federal tax bracket thresholds are:

  • 22% for taxable income above $43,561
  • 26% for taxable income above $87,123 ; and
  • 29% for taxable income above $135,054.
Please follow and like us: