diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb..2ab22a2b2 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,6 @@ +- bump: patch + changes: + added: + - Provincial CPI index parameters for Ontario, British Columbia, and Quebec + changed: + - Provincial tax rate files now use CPI-based uprating metadata instead of manual indexing \ No newline at end of file diff --git a/policyengine_canada/parameters/gov/provinces/bc/cpi.yaml b/policyengine_canada/parameters/gov/provinces/bc/cpi.yaml new file mode 100644 index 000000000..6aa812f16 --- /dev/null +++ b/policyengine_canada/parameters/gov/provinces/bc/cpi.yaml @@ -0,0 +1,17 @@ +description: British Columbia Consumer Price Index (2002=100 base). +values: + 2020-01-01: 133.8 + 2021-01-01: 137.0 + 2022-01-01: 141.4 + 2023-01-01: 147.6 # Approximately 4.4% increase + 2024-01-01: 155.0 # 5.0% indexation per government + 2025-01-01: 159.3 # 2.8% indexation per government +metadata: + economy: true + unit: /1 + label: British Columbia CPI + reference: + - title: Statistics Canada - Consumer Price Index + href: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501 + - title: Personal income tax rates - Province of British Columbia + href: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates \ No newline at end of file diff --git a/policyengine_canada/parameters/gov/provinces/bc/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/bc/tax/income/rate.yaml index f6fbcd849..dcbcbfebc 100644 --- a/policyengine_canada/parameters/gov/provinces/bc/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/bc/tax/income/rate.yaml @@ -8,32 +8,65 @@ metadata: reference: - title: Government of Canada - Canadian income tax rates for individuals current and previous years href: https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html + - title: Personal income tax rates - Province of British Columbia + href: https://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/tax-rates brackets: - threshold: - 2022-01-01: 0 + values: + 2022-01-01: 0 rate: 2022-01-01: 0.0506 - threshold: - 2022-01-01: 43_070 + values: + 2022-01-01: 43_070 + 2023-01-01: 45_654 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.077 - threshold: - 2022-01-01: 86_141 + values: + 2022-01-01: 86_141 + 2023-01-01: 91_310 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.105 - threshold: - 2022-01-01: 98_901 + values: + 2022-01-01: 98_901 + 2023-01-01: 104_835 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.1229 - threshold: - 2022-01-01: 120_094 + values: + 2022-01-01: 120_094 + 2023-01-01: 127_299 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.147 - threshold: - 2022-01-01: 162_832 + values: + 2022-01-01: 162_832 + 2023-01-01: 172_602 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.168 - threshold: - 2022-01-01: 227_091 + values: + 2022-01-01: 227_091 + 2023-01-01: 240_716 + metadata: + uprating: + parameter: gov.provinces.bc.cpi rate: 2022-01-01: 0.205 diff --git a/policyengine_canada/parameters/gov/provinces/on/cpi.yaml b/policyengine_canada/parameters/gov/provinces/on/cpi.yaml new file mode 100644 index 000000000..6c44e0d18 --- /dev/null +++ b/policyengine_canada/parameters/gov/provinces/on/cpi.yaml @@ -0,0 +1,17 @@ +description: Ontario Consumer Price Index (2002=100 base). +values: + 2020-01-01: 137.5 + 2021-01-01: 141.4 + 2022-01-01: 145.8 + 2023-01-01: 151.7 # Approximately 4.05% increase + 2024-01-01: 158.5 # 4.5% indexation per government + 2025-01-01: 162.9 # 2.8% indexation per government +metadata: + economy: true + unit: /1 + label: Ontario CPI + reference: + - title: Statistics Canada - Consumer Price Index + href: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501 + - title: Government of Canada - Payroll Deductions Tables + href: https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032on-jan/t4032on-january-general-information.html \ No newline at end of file diff --git a/policyengine_canada/parameters/gov/provinces/on/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/on/tax/income/rate.yaml index fcb1d524c..177bfec7a 100644 --- a/policyengine_canada/parameters/gov/provinces/on/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/on/tax/income/rate.yaml @@ -9,25 +9,38 @@ metadata: - title: Government of Canada - Canadian income tax rates for individuals current and previous years href: https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/canadian-income-tax-rates-individuals-current-previous-years.html - title: Taxation Act, 2007 - href: https://www.ontario.ca/laws/statute/07t11#BK8 + href: https://www.ontario.ca/laws/statute/07t11#BK8 brackets: - threshold: - 2022-01-01: 0 + values: + 2022-01-01: 0 rate: 2022-01-01: 0.0505 - threshold: - 2022-01-01: 46_226 + values: + 2022-01-01: 46_226 + 2023-01-01: 49_231 + metadata: + uprating: + parameter: gov.provinces.on.cpi rate: 2022-01-01: 0.0915 - threshold: - 2022-01-01: 92_454 + values: + 2022-01-01: 92_454 + 2023-01-01: 98_463 + metadata: + uprating: + parameter: gov.provinces.on.cpi rate: 2022-01-01: 0.1116 - threshold: - 2022-01-01: 150_000 + values: + 2022-01-01: 150_000 rate: 2022-01-01: 0.1216 - threshold: - 2022-01-01: 220_000 + values: + 2022-01-01: 220_000 rate: 2022-01-01: 0.1316 diff --git a/policyengine_canada/parameters/gov/provinces/qc/cpi.yaml b/policyengine_canada/parameters/gov/provinces/qc/cpi.yaml new file mode 100644 index 000000000..b6a9251e3 --- /dev/null +++ b/policyengine_canada/parameters/gov/provinces/qc/cpi.yaml @@ -0,0 +1,17 @@ +description: Quebec Consumer Price Index (2002=100 base). +values: + 2020-01-01: 130.3 + 2021-01-01: 134.7 + 2022-01-01: 141.0 + 2023-01-01: 150.1 # 6.45% indexation per government + 2024-01-01: 157.7 # 5.08% indexation per government + 2025-01-01: 162.2 # 2.85% indexation per government +metadata: + economy: true + unit: /1 + label: Quebec CPI + reference: + - title: Statistics Canada - Consumer Price Index + href: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1810000501 + - title: Indexing of the parameters of the personal income tax system for 2025 + href: https://www.quebec.ca/en/news/actualites/detail/indexing-of-the-parameters-of-the-personal-income-tax-system-social-assistance-benefits-and-certain-government-fees-for-the-2025-taxation-year-59718 \ No newline at end of file diff --git a/policyengine_canada/parameters/gov/provinces/qc/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/qc/tax/income/rate.yaml index 2bea2f831..0fb6cca1f 100644 --- a/policyengine_canada/parameters/gov/provinces/qc/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/qc/tax/income/rate.yaml @@ -9,33 +9,46 @@ metadata: href: https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/income-tax-rates/ brackets: - threshold: - 2021-01-01: 0 - 2022-01-01: 0 - 2023-01-01: 0 + values: + 2021-01-01: 0 + 2022-01-01: 0 + 2023-01-01: 0 rate: 2021-01-01: 0.15 2022-01-01: 0.15 2023-01-01: 0.14 - threshold: - 2021-01-01: 45_105 - 2022-01-01: 46_295 - 2023-01-01: 49_275 + values: + 2021-01-01: 45_105 + 2022-01-01: 46_295 + 2023-01-01: 49_275 + metadata: + uprating: + parameter: gov.provinces.qc.cpi rate: 2021-01-01: 0.20 2022-01-01: 0.20 2023-01-01: 0.19 - threshold: - 2021-01-01: 90_200 - 2022-01-01: 92_580 - 2023-01-01: 98_540 + values: + 2021-01-01: 90_200 + 2022-01-01: 92_580 + 2023-01-01: 98_540 + metadata: + uprating: + parameter: gov.provinces.qc.cpi rate: 2021-01-01: 0.24 2022-01-01: 0.24 2023-01-01: 0.24 - threshold: - 2021-01-01: 109_755 - 2022-01-01: 112_655 - 2023-01-01: 119_910 + values: + 2021-01-01: 109_755 + 2022-01-01: 112_655 + 2023-01-01: 119_910 + metadata: + uprating: + parameter: gov.provinces.qc.cpi rate: 2021-01-01: 0.2575 2022-01-01: 0.2575