Personal income and benefit amounts are indexed to inflation using Statistic Canada’s Consumer Price Index data every year, says the CRA.

Read: Inflation stays at 1.2%

Increases to items like tax bracket thresholds and amounts relating to non‑refundable credits will take effect on January 1, 2013.

Increases to the Canada child tax benefit and the goods and services tax credit will take effect on July 1, 2013, however, to coincide with the beginning of the program year.

Read: Canadians will get raises in 2013

Your clients should be aware of all changes, so make sure they understand how their taxes will be affected in the coming year.

See the CRA’s chart, which compares the indexed amounts for the 2012 and 2013 tax years.


Why paying taxes is easy in Canada

6 ways to trim a tax bill

Helping franchise owners

Canadians will be more frugal in 2013

Tax-loss harvest using ETFs



Need ideas to get the conversations started with investors?

How about some Articles and Action Steps to prepare clients for meetings and ensure the important points get covered? We’ve got plenty on our newest website Advisor To Client.

Check it out today!

This topic brought to you by :

Originally published on