2011 Tax Indexation

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

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