Personal Tax Rates, News & Updates
Federal and Provincial Personal Income Tax Rates and Brackets for 2024 and Prior Years
Basic Personal Amount (Exemptions)
Federal basic personal amount for 2023: $15,000
Alberta basic personal amount for 2023: $21,003
Statutory Deductions
2024 Canada Pension Plan (CPP) Rate: 5.95% to an annual max. of $3,867.50 with max. pensionable earnings of $68,500.
2023 Canada Pension Plan (CPP) Rate: 5.95% to an annual max. of $3,754.45 with max. pensionable earnings of $66,600.
2022 Canada Pension Plan (CPP) Rate: 5.70% to an annual max. of $3,499.80 with max. pensionable earnings of $64,900.
2021 Canada Pension Plan (CPP) Rate: 5.45% to an annual max. of $3,166.45 with max. pensionable earnings of $61,600.
2020 Canada Pension Plan (CPP) Rate: 5.25% to an annual max. of $2,898.00 with max. pensionable earnings of $58,700.
2019 Canada Pension Plan (CPP) Rate: 5.10% to an annual max. of $2,748.90 with max. pensionable earnings of $57,400.
2024 Employment Insurance (EI) Rate: 1.66% to an annual max. of $1,049.12 with max. insurable earnings of $63,200.
2023 Employment Insurance (EI) Rate: 1.63% to an annual max. of $1,002.45 with max. insurable earnings of $61,500.
2022 Employment Insurance (EI) Rate: 1.58% to an annual max. of $952.74 with max. insurable earnings of $60,300.
2021 Employment Insurance (EI) Rate: 1.58% to an annual max. of $889.54 with max. insurable earnings of $56,300.
2020 Employment Insurance (EI) Rate: 1.58% to an annual max. of $856.36 with max. insurable earnings of $54,200.
2019 Employment Insurance (EI) Rate: 1.62% to an annual max. of $860.22 with max. insurable earnings of $53,100.
What's New?
What's new for 2023 tax season
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