diff --git a/changelog_entry.yaml b/changelog_entry.yaml index e69de29bb..fea81320d 100644 --- a/changelog_entry.yaml +++ b/changelog_entry.yaml @@ -0,0 +1,6 @@ +- bump: patch + changes: + added: + - Tax rates for 2024-2025 for Northwest Territories, Nunavut, Yukon, Prince Edward Island, and Newfoundland and Labrador + changed: + - Updated references to use official CRA T4032 payroll deduction tables where available \ No newline at end of file diff --git a/policyengine_canada/parameters/gov/provinces/nl/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/nl/tax/income/rate.yaml index 00bbc13ce..63f137750 100644 --- a/policyengine_canada/parameters/gov/provinces/nl/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/nl/tax/income/rate.yaml @@ -8,36 +8,86 @@ 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: TaxTips.ca - Newfoundland & Labrador Tax Rates & Tax Brackets (used for 2023-2025 values) + href: https://www.taxtips.ca/taxrates/nl.htm brackets: - threshold: 2022-01-01: 0 + 2023-01-01: 0 + 2024-01-01: 0 + 2025-01-01: 0 rate: 2022-01-01: 0.087 + 2023-01-01: 0.087 + 2024-01-01: 0.087 + 2025-01-01: 0.087 - threshold: 2022-01-01: 39_147 + 2023-01-01: 41_457 + 2024-01-01: 43_198 + 2025-01-01: 44_192 rate: 2022-01-01: 0.145 + 2023-01-01: 0.145 + 2024-01-01: 0.145 + 2025-01-01: 0.145 - threshold: 2022-01-01: 78_294 + 2023-01-01: 82_913 + 2024-01-01: 86_395 + 2025-01-01: 88_382 rate: 2022-01-01: 0.158 + 2023-01-01: 0.158 + 2024-01-01: 0.158 + 2025-01-01: 0.158 - threshold: 2022-01-01: 139_780 + 2023-01-01: 148_027 + 2024-01-01: 154_244 + 2025-01-01: 157_792 rate: 2022-01-01: 0.178 + 2023-01-01: 0.178 + 2024-01-01: 0.178 + 2025-01-01: 0.178 - threshold: 2022-01-01: 195_693 + 2023-01-01: 207_239 + 2024-01-01: 215_943 + 2025-01-01: 220_910 rate: 2022-01-01: 0.198 + 2023-01-01: 0.198 + 2024-01-01: 0.198 + 2025-01-01: 0.198 - threshold: 2022-01-01: 250_000 + 2023-01-01: 264_750 + 2024-01-01: 275_870 + 2025-01-01: 282_214 rate: 2022-01-01: 0.208 + 2023-01-01: 0.208 + 2024-01-01: 0.208 + 2025-01-01: 0.208 - threshold: 2022-01-01: 500_000 + 2023-01-01: 529_500 + 2024-01-01: 551_739 + 2025-01-01: 564_429 rate: 2022-01-01: 0.213 + 2023-01-01: 0.213 + 2024-01-01: 0.213 + 2025-01-01: 0.213 - threshold: 2022-01-01: 1_000_000 + 2023-01-01: 1_059_000 + 2024-01-01: 1_103_478 + 2025-01-01: 1_128_858 rate: 2022-01-01: 0.218 + 2023-01-01: 0.218 + 2024-01-01: 0.218 + 2025-01-01: 0.218 diff --git a/policyengine_canada/parameters/gov/provinces/nt/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/nt/tax/income/rate.yaml index ea7bdcb24..be2344a33 100644 --- a/policyengine_canada/parameters/gov/provinces/nt/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/nt/tax/income/rate.yaml @@ -8,6 +8,8 @@ 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: T4032NT - Payroll Deductions Tables - Northwest Territories + href: https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4032-payroll-deductions-tables/t4032nt-jan/t4032nt-january-general-information.html brackets: - threshold: 2022-01-01: 0 @@ -15,13 +17,16 @@ brackets: 2022-01-01: 0.059 - threshold: 2022-01-01: 45_462 + 2025-01-01: 51_964 rate: 2022-01-01: 0.086 - threshold: 2022-01-01: 90_927 + 2025-01-01: 103_930 rate: 2022-01-01: 0.122 - threshold: 2022-01-01: 147_826 + 2025-01-01: 168_967 rate: 2022-01-01: 0.1405 diff --git a/policyengine_canada/parameters/gov/provinces/nu/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/nu/tax/income/rate.yaml index 07a3562d8..73e4f2c70 100644 --- a/policyengine_canada/parameters/gov/provinces/nu/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/nu/tax/income/rate.yaml @@ -8,20 +8,46 @@ 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: TaxTips.ca - Nunavut Tax Rates & Tax Brackets (used for 2023-2025 values) + href: https://www.taxtips.ca/taxrates/nu.htm brackets: - threshold: 2022-01-01: 0 + 2023-01-01: 0 + 2024-01-01: 0 + 2025-01-01: 0 rate: 2022-01-01: 0.04 + 2023-01-01: 0.04 + 2024-01-01: 0.04 + 2025-01-01: 0.04 - threshold: 2022-01-01: 47_862 + 2023-01-01: 50_877 + 2024-01-01: 53_268 + 2025-01-01: 54_707 rate: 2022-01-01: 0.07 + 2023-01-01: 0.07 + 2024-01-01: 0.07 + 2025-01-01: 0.07 - threshold: 2022-01-01: 95_724 + 2023-01-01: 101_754 + 2024-01-01: 106_537 + 2025-01-01: 109_413 rate: 2022-01-01: 0.09 + 2023-01-01: 0.09 + 2024-01-01: 0.09 + 2025-01-01: 0.09 - threshold: 2022-01-01: 155_625 + 2023-01-01: 165_429 + 2024-01-01: 173_205 + 2025-01-01: 177_881 rate: 2022-01-01: 0.115 + 2023-01-01: 0.115 + 2024-01-01: 0.115 + 2025-01-01: 0.115 diff --git a/policyengine_canada/parameters/gov/provinces/pe/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/pe/tax/income/rate.yaml index d172ef441..20dee6302 100644 --- a/policyengine_canada/parameters/gov/provinces/pe/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/pe/tax/income/rate.yaml @@ -8,16 +8,48 @@ 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: TaxTips.ca - Prince Edward Island Tax Rates & Tax Brackets (used for 2023-2025 values) + href: https://www.taxtips.ca/taxrates/pe.htm brackets: - threshold: 2022-01-01: 0 + 2023-01-01: 0 + 2024-01-01: 0 + 2025-01-01: 0 rate: 2022-01-01: 0.098 + 2023-01-01: 0.098 + 2024-01-01: 0.0965 + 2025-01-01: 0.095 - threshold: 2022-01-01: 31_984 + 2023-01-01: 31_984 + 2024-01-01: 32_656 + 2025-01-01: 33_328 rate: 2022-01-01: 0.138 + 2023-01-01: 0.138 + 2024-01-01: 0.1363 + 2025-01-01: 0.1347 - threshold: 2022-01-01: 63_969 + 2023-01-01: 63_969 + 2024-01-01: 64_313 + 2025-01-01: 64_656 rate: 2022-01-01: 0.167 + 2023-01-01: 0.167 + 2024-01-01: 0.1665 + 2025-01-01: 0.166 + - threshold: + 2024-01-01: 105_000 + 2025-01-01: 105_000 + rate: + 2024-01-01: 0.18 + 2025-01-01: 0.1762 + - threshold: + 2024-01-01: 140_000 + 2025-01-01: 140_000 + rate: + 2024-01-01: 0.1875 + 2025-01-01: 0.19 diff --git a/policyengine_canada/parameters/gov/provinces/yt/tax/income/rate.yaml b/policyengine_canada/parameters/gov/provinces/yt/tax/income/rate.yaml index 0cceb98e0..dd09f3a32 100644 --- a/policyengine_canada/parameters/gov/provinces/yt/tax/income/rate.yaml +++ b/policyengine_canada/parameters/gov/provinces/yt/tax/income/rate.yaml @@ -8,24 +8,64 @@ 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: TaxTips.ca - Yukon Tax Rates & Tax Brackets (used for 2023-2025 values) + href: https://www.taxtips.ca/taxrates/yt.htm brackets: - threshold: 2022-01-01: 0 + 2023-01-01: 0 + 2024-01-01: 0 + 2025-01-01: 0 rate: 2022-01-01: 0.064 + 2023-01-01: 0.064 + 2024-01-01: 0.064 + 2025-01-01: 0.064 - threshold: 2022-01-01: 50_197 + 2023-01-01: 53_359 + 2024-01-01: 55_867 + 2025-01-01: 57_375 rate: 2022-01-01: 0.09 + 2023-01-01: 0.09 + 2024-01-01: 0.09 + 2025-01-01: 0.09 - threshold: 2022-01-01: 100_392 + 2023-01-01: 106_717 + 2024-01-01: 111_733 + 2025-01-01: 114_750 rate: 2022-01-01: 0.109 + 2023-01-01: 0.109 + 2024-01-01: 0.109 + 2025-01-01: 0.109 - threshold: 2022-01-01: 155_625 + 2023-01-01: 165_430 + 2024-01-01: 173_205 + 2025-01-01: 177_882 rate: 2022-01-01: 0.128 + 2023-01-01: 0.1293 + 2024-01-01: 0.1293 + 2025-01-01: 0.1293 + - threshold: + 2023-01-01: 235_675 + 2024-01-01: 246_752 + 2025-01-01: 253_414 + rate: + 2023-01-01: 0.128 + 2024-01-01: 0.128 + 2025-01-01: 0.128 - threshold: 2022-01-01: 500_000 + 2023-01-01: 500_000 + 2024-01-01: 500_000 + 2025-01-01: 500_000 rate: 2022-01-01: 0.15 + 2023-01-01: 0.15 + 2024-01-01: 0.15 + 2025-01-01: 0.15