For 2011 the federal tax bracket thresholds are:
- 22% for taxable income above $41,544.00
- 26% for taxable income above $83,088.00
- 29% for taxable income above $128,800.00
As of July 1, 2011 the Canadian Child Tax Benefit and the HST Tax credit will take effect.
CPP maximum pensionable earnings $48,300.0
- maximum contribution $2,217.60 for employer and employee
EI maximum pensionable earnings $44,200.00
- maximum contribution $786.76 employee, $1,101.46 employer
At source deduction information:
- Basic personal amount and eligible dependant or spouse $10,572.00
- Canada Child Tax benefit base $1,367.00
- Pension amount $2,000.00
- Age 65 amount $6,537.00
- Disability amount $7,341.00
- Caregiver amount $4,282.00
- Education amount full time $400.00/mth
- Education amount part time $120.00/mth