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

CYA2023BOmld · ‎March 26, 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

TurboTaxSusan · ‎March 27, 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 · ‎March 28, 2023

Thanks.

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

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