To make matters worse for workers, inflation is pushing up costs and salaries are not keeping up. In 2022, the average worker in Canada got an average pay raise of $1,800, or three per cent. But, prices went up by 6.8 per cent in 2022, meaning workers took a real pay cut of almo...
Oct 28, 2024|Personal tax tips Canada’s 2024 tax landscape introduces several updates affecting both individuals and businesses. Here are some key changes:Personal Income Tax Brackets and Basic Personal Amount: Federal tax brackets have been adjusted to account for inflation, allowing a modest......
2017 $5,500 $52,000 2018 $5,500 $57,500 2019 $6,000 $63,500 2020 $6,000 $69,500 2021 $6,000 $75,500 2022 $6,000 $81,500 2023 $6,500 $88,000 What to read next Ontario tax brackets Read our EQ Bank review and find the best interest rate savings accounts ...