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Apologies for yesterday's post. Turbotax Canada uses the correct tax bracket threshold. I was misled by online news. sorry!
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 |
March 27, 2023
9:58 AM