2012 Personal Tax Credit Amounts

November 22nd, 2011

Canada Revenue Agency released the 2012 personal tax credit amounts today.  For anyone doing payroll, you’ll need to update your payroll tax credits with these new amounts on January 1 2012.  Bookmark this page.

This update also includes the new GST/HST Credit and Child Tax Benefit amounts.  If you like to do tax planning, you can take a look at the upcoming payment rates. No big changes, most rates have increased by the rate of inflation (2.8%).

Filed under: Consumer Tax, Personal Tax by David Boese No Comments »