Some things change, Others remain the same.

For 2011:

  • The ceiling on CCA for passenger vehicles remains at $30,000.00.
  • The limit on deductible leasing costs remains at $800.00 per month.
  • The limit on deductions of tax-exempt auto allowances remains 0.52 for the first 5000 km and 0.46 for each kn thereafter.
  • The maximum allowable interest deduction for amounts borrowed to purchase vehicles remains at $300.00 per month.
  • The maximum pensionable earnings for CPP becomes $48,300.00.
  • The maximum insurable earnings for EI becomes $44,200.00
  • The Federal basic personal tax credit becomes $10,527.00.
  • The Provincial basic tax credit becomes $9,104.00

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