Question
Turbotax Canada is using the old Tax bracket thresholds. Indexation of personal income tax and benefit amounts adjusted for 2023
Please look at this:
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 |
