Tax Facts 2023 provides you with a summary of 2023 personal income tax rates and amounts, as well as corporate tax rates based on announcements made to July 1, 2023.
Top Personal Rates for 2023
On page 2, we have set out the top rates in Canada on regular income, dividends and capital gains.
Combined Federal and Provincial/Territorial Tax Brackets
On pages 3 to 6, we have condensed the detailed tax rate information for each province/territory into a chart. You can use the chart that applies to you to estimate your combined federal and provincial/territorial tax liability and to determine effective tax rates on regular income, dividends and capital gains within the income ranges provided.
To allow you to quickly estimate your tax liability, we have provided a quick estimate chart on pages 7 and 8.
RRSP, RPP and DPSP Limits
On page 9, we have set out the limits for registered retirement savings plans, registered pension plans and deferred profit sharing plans.
CPP, El and QPIP Rates
On page 9, we have provided the 2023 Employment Insurance rates and premiums, the 2023 Quebec Parental Insurance rates and premiums and the 2023 Canada Pension Plan rates and contributions.
Business Tax Rate Information
On pages 10 and 11, we have provided a summary of corporate income tax rates, as well as employer payroll and sales tax rates.