IMPORTANT TAX FIGURES FOR 2017
The following chart shows changes in important federal tax information for 2017 from 2016. Some of the figures are unchanged, some are indexed to inflation and others changed because of legislation.
Please ===CLICK HERE=== to view or download a copy.
| Pension Contribution Limits | 2017($) | 2016($) |
| Registered Retirement Savings Plan | 26,010 | 25,370 |
| Money Purchase Registered Pension Plan | 26,230 | 26,010 |
| Deferred Profit Sharing Plan | 13,115 | 13,005 |
| Tax Free Savings Account (TFSA) | unchanged | 5,500 |
| TFSA Cumulative Total | 52,000 | 46,500 |
| Canada and Quebec Pension Plan (CPP/QPP) | 2017($) | 2016($) |
| Maximum Pensionable Earnings | 55,300 | 54,900 |
| Employee/Employer Contribution Limit | 2,564.10 | 2,544.30 |
| Self-Employed Contribution Limit | 5,128.20 | 5,088.60 |
| Quebec Maximum Pensionable Earnings | 55,300 | 54,900 |
| Quebec Employee/Employer Maximum | 2.797.20 | 2.737.05 |
| Quebec Self-Employed Contribution Limit | 5,594.40 | 5,474.10 |
| Non-Refundable Tax Credits (Base Amount) | 2017($) | 2016($) |
| Personal/spousal/equivalent to spouse | 11,635 | 11,474 |
| Age Amount (65+ years of age) | 7,225 | 7,124 |
| Net Income Threshold | 36,430 | 35,927 |
| Disability Amount | 8,113 | 8,002 |
| Caregiver | 4,723 | 4,668 |
| Infirm Dependent | 6,883 | 6,787 |
| Medical Expense (3% of net income ceiling) | 2,268 | 2,237 |
| Eligible Adoption Expenses | 15,669 | 15,453 |
| Old Age Security Repayment Threshold | 73,756 | 72,809 |
| Children’s Fitness Maximum | N/A | 500 |
| Children’s Art Maximum | N/A | 250 |
| Employment Amount | 1,178 | 1,161 |
| Federal Dividend Gross Up (non-eligible payouts) | Unchanged | 17% |
| Employment Insurance Maximums | 2017($) | 2016($) |
| Employee Premium (Federal) | 836.19 | 955.04 |
| Employee Premium (Quebec) | 651.51 | 772.16 |
| Employer Premium (Federal) | 1.170.67 | 1,337.06 |
| Employer Premium (Quebec) | 912.11 | 1,081.02 |
| Maximum Insurable Earnings (Federal) | 51,300 | 50,800 |
| Maximum Insurable Earnings (Quebec) | 51,300 | 50,800 |
| General Federal Corporate Tax Rates (after federal abatement and M&P rate reductions) | 2017 | 2016 |
| General M&P Income | unchanged | 15% |
| General Active Income | unchanged | 15% |
| Investment Income | unchanged | 15% |
| CCPC Tax Rates (after federal abatement, small business and rate deduction and refundable tax) | 2017 | 2016 |
| Income up to $500,000 | unchanged | 10.5% |
| General Active Business Income | unchanged | 15% |
| Investment Income | unchanged | 38.7% |
| Marginal Federal Tax Bracket Thresholds | 2017($) | 2016($) |
| Taxable income above which the 20.5% bracket begins | 45,916 | 45,282 |
| Taxable income above which the 26% bracket begins | 91,131 | 90,563 |
| Taxable income above which the 29% bracket begins | 142,353 | 140,388 |
| Taxable income above which the 33.0% bracket begins | 202,800 | 200,000 |