Update provincial tax parameters for 2024-2025 with CPI uprating

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

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

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

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

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

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

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