THE STATUTORY ACCIDENTS BENEFITS SCHEDULE

THE STATUTORY ACCIDENTS BENEFITS SCHEDULE

What Are Statutory Accident Benefits? Statutory accident benefits are benefits available for an injured or killed person in an automobile accident, regardless of who was at fault during the accident; this is also known as “no-fault accident benefits.” The...
CANADA 2023 AND 2022 TAX RATES & TAX BRACKETS

CANADA 2023 AND 2022 TAX RATES & TAX BRACKETS

Income Tax Act s. 117, 117.1, 121 The Federal tax brackets and personal tax credit amounts are increased for 2023 by an indexation factor of 1.063 (a 6.3% increase). See INDEXATION OF THE PERSONAL INCOME TAX SYSTEM for how the indexation factors are calculated. The...