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CYA2023BOmld
Returning Member

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
2 Replies

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

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.

CYA2023BOmld
Returning Member

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

Thanks.

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