2011 Tax System Indexation

On January 1, 2011, 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 Tax Benefit and the goods and services tax credit will take effect July 1, 2011. For 2011 the federal tax bracket thresholds are:

  • 22% for taxable income above $41,544;
  • 26% for taxable income above $83,088 ; and
  • 29% for taxable income above $128,800.

Leave a Reply

Your email address will not be published. Required fields are marked *