Indexation adjustment for personal income tax and benefit amounts

Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada.  

Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts below take effect on January 1 of the applicable year.

Increases in amounts for certain income-tested benefits like the goods and services tax credit, the Canada child benefit and Child disability benefit, take effect on July 1 to coincide with the beginning of the program year for payments of these benefits.

The following chart provides the indexed amounts for four tax years based on the announced personal income tax and benefit commitments to date.

Indexation increase per year
Description 2022 2021 2020 2019
Indexation increase 2.4% 1.0% 1.9% 2.2%
Tax bracket thresholds
Description 2022 2021 2020 2019
Taxable income above which the 20.5% bracket begins $50,197 $49,020 $48,535 $47,630
Taxable income above which the 26% bracket begins $100,392 $98,040 $97,069 $95,259
Taxable income above which the 29% bracket begins $155,625 $151,978 $150,473 $147,667
Taxable income above which the 33% bracket begins $221,708 $216,511 $214,368 $210,371
Amounts relating to non-refundable tax credits
Description 2022 2021 2020 2019
Basic personal amount for 2019 and prior yearsFootnote 1 NA NA NA $12,069
Basic personal amount for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins Footnote 1 $12,719 $12,421 $12,298 NA
Basic personal amount for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins Footnote 1 $14,398 $13,808 $13,229 NA
Spouse or common-law partner amount (maximum) for 2019 and prior yearsFootnote 1 NA NA NA $12,069
Spouse or common-law partner amount (maximum) for individuals whose net income for the year is greater than the amount at which the 33% tax bracket begins Footnote 1 $12,719 $12,421 $12,298 NA
Spouse or common-law partner amount (maximum) for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins Footnote 1 $14,398 $13,808 $13,229 NA
Spouse or common-law partner amount (maximum if eligible for the Canada caregiver amount for a dependent spouse or common-law partner) for 2019 and prior yearsFootnote 1 NA NA NA $14,299
Spouse or common-law partner amount for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependent spouse or common-law partner)Footnote 1 $15,069 $14,716 $14,571 NA
Spouse or common-law partner amount for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependent spouse or common-law partner)Footnote 1 $16,748 $16,103 $15,502 NA
Amount for an eligible dependant (maximum) for 2019 and prior yearsFootnote 1 NA NA NA $12,069
Amount for an eligible dependant (maximum) for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins Footnote 1 $12,719 $12,421 $12,298 NA
Amount for an eligible dependant (maximum) for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins Footnote 1 $14,398 $13,808 $13,229 NA
Amount for an eligible dependant (maximum if eligible for the Canada caregiver amount for a dependant) for 2019 and prior yearsFootnote 1 NA NA NA $14,299
Amount for an eligible dependant  for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependant)Footnote 1 $15,069 $14,716 $14,571 NA
Amount for an eligible dependant for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependant)Footnote 1 $16,748 $16,103 $15,502 NA
Canada caregiver amount for children under age 18 $2,350 $2,295 $2,273 $2,230
Age amount $7,898 $7,713 $7,637 $7,494
Net income threshold for age amount $39,826 $38,893 $38,508 $37,790
Canada employment amount (maximum) $1,287 $1,257 $1,245 $1,222
Canada caregiver amount for other infirm dependants age 18 or older (maximum amount) $7,525 $7,348 $7,276 $7,140
Net income threshold for Canada caregiver amount $17,670 $17,256 $17,085 $16,766
Disability amount $8,870 $8,662 $8,576 $8,416
Supplement for children with disabilities (maximum) $5,174 $5,053 $5,003 $4,909
Threshold relating to allowable child care and attendant care expenses $3,030 $2,959 $2,930 $2,875
Adoption expenses (maximum per adoption) $17,131 $16,729 $16,563 $16,255
Medical expense tax credit (3% of net income ceiling) $2,479 $2,421 $2,397 $2,352
Refundable medical expense supplement
Description 2022 2021 2020 2019
Maximum supplement $1,316 $1,285 $1,272 $1,248
Minimum earnings threshold $3,841 $3,751 $3,714 $3,645
Family net income threshold $29,129 $28,446 $28,164 $27,639
Old age security repayment
Description 2022 2021 2020 2019
Old age security repayment threshold $81,761 $79,845 $79,054 $77,580
Certain board and lodging allowances paid to players on sports teams or members of recreation programs
Description 2022 2021 2020 2019
Income exclusion (maximum per month) $386 $377 $373 $366
Tradesperson’s tools deduction
Description 2022 2021 2020 2019
Threshold amount relating to cost of eligible tools $1,287 $1,257 $1,245 $1,222
Advanced life deferred annuities (ALDA)Footnote 2
Description 2022 2021 2020 2019
Lifetime dollar limit $160,000 $150,000 $150,000 NA
Canada training credit (CTC)Footnote 3
Description 2022 2021 2020 2019
Minimum working income threshold $10,342 $10,100 $10,000 NA
Maximum net income $151,978 $150,473 $147,667 NA
Goods and services tax/harmonized sales tax credit
Description 2022 2021 2020 2019
Adult maximum $306 $299 $296 $290
Child maximum $161 $157 $155 $153
Single supplement $161 $157 $155 $153
Phase-in threshold for the single supplement $9,919 $9,686 $9,590 $9,412
Family net income at which credit begins to phase out $39,826 $38,892 $38,507 $37,789
Tax-free savings account
Description 2022 2021 2020 2019
Annual TFSA dollar limitFootnote 4 $6,000 $6,000 $6,000 $6,000
Lifetime capital gains exemption for qualified farm or fishing property and qualified small business corporation sharesFootnote 5
Description 2022 2021 2020 2019
Exemption limit $913,630 $892,218 $883,384 $866,912
Deduction limit (since ½ of the capital gain is taxable) $456,815 $446,109 $441,692 $433,456
Additional exemption amount for qualified farm or fishing property $86,370 $107,782 $116,616 $133,088
Additional deduction amount for qualified farm or fishing property (since ½ of the capital gain is taxable) $43,185 $53,891 $58,308 $66,544
Canada child benefit (CCB)Footnote 6
Description 2022 2021 2020 2019
CCB (base benefit, child under age 6) $6,997 $6,833 $6,765 $6,639
CCB (base benefit, child aged 6 to 17) $5,903 $5,765 $5,708 $5,602
Adjusted family net income at which phase out begins $32,797 $32,028 $31,711 $31,120
Second phase out threshold $71,060 $69,395 $68,708 $67,426
Base phase out amount for one eligible child $2,678 $2,616 $2,590 $2,541
Base phase out amount for two eligible children $5,166 $5,044 $4,995 $4,901
Base phase out amount for three eligible children $7,270 $7,100 $7,029 $6,898
Base phase out amount for four or more eligible children $8,801 $8,594 $8,509 $8,351
Child disability benefit (CDB)
Description 2022 2021 2020 2019
Maximum benefit $2,985 $2,915 $2,886 $2,832
Family net income threshold for phase out $71,060 $69,395 $68,708 $67,426
Children’s special allowance (CSA)
Description 2019-2022
CSA base amount Footnote 6
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