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2022- Basic Personal Amount

  • Writer: Natesh Pillai
    Natesh Pillai
  • Oct 24, 2022
  • 1 min read


Federal tax brackets in Canada will increase by 2.4% based on inflation. The basic personal amount (the amount of tax-free annual income) has increased from $13,808 to $14,398 ($590 increase). Employment Insurance (EI) premium is expected to remain the same as 2021 at 1.58%.

 
 
 

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