A new year brings a new set of tax numbers, and here are the important figures you need to know for 2022.
Tax brackets for 2022
All five federal income tax brackets for 2022 have been indexed to inflation using the 2.4-per-cent rate. The 2022 federal brackets are: zero to $50,197 of income (15 per cent); more than $50,197 to $100,392 (20.5 per cent); above $100,392 to $155,625 (26 per cent); over $155,625 to $221,708 (29 per cent); and anything above that is taxed at 33 per cent. Each province also has its own set of provincial tax brackets, most of which have also been indexed to inflation, but using their respective provincial indexation factors.
No comments:
Post a Comment