Turbotax Canada is using the old Tax bracket thresholds. Indexation of personal income tax and benefit amounts adjusted for 2023

Please look at this:

Description 2023 2022 2021 2020

Taxable income above which the 20.5% bracket begins	$53,359	$50,197	$49,020	$48,535
Taxable income above which the 26% bracket begins	$106,717	$100,392	$98,040	$97,069
Taxable income above which the 29% bracket begins	$165,430	$155,625	$151,978	$150,473
Taxable income above which the 33% bracket begins	$235,675	$221,708	$216,511	$214,368

821

Moderator

Mar 27, 2023 5:54:42 PM

TurboTax 2022 uses the tax brackets for 2022.

TurboTax 2023 won't be released until December, and your 2023 taxes are not due until April of 2024.

Returning Member

Mar 28, 2023 2:25:43 PM

Thanks.

I posted an apology for my misunderstanding yesterday. Thank you very much for your reply.