New Updates
Effective JJuly 1, 2009, federal tax rates and income thresholds changes:
  • The information contained in this 90th edition publication is effective July 1, 2009. For formulas and factors not included in this edition, see publication T4127, Payroll Deductions Formulas for Computer Programs 88th edition, effective January 1, 2009. Significant changes to the formulas and text in this publication appear with a shaded background..
  • There are no changes to the federal tax rates, income thresholds, or personal amounts required for July 1, 2009.
  • However, some provincial and territorial changes have been announced for July 1, 2009. As a result, we have not revised the entire publication, but we have provided this updated edition, which contains the provincial and territorial changes for New Brunswick, Newfoundland and Labrador, and Saskatchewan. At press time, some of these proposals had not yet become law.
Effective JJuly 1, 2009, provincial tax rates and income thresholds changes:
  • New Brunswick
    59.18% (formerly 10.12%) on income less than or equal to $35,707;
    513.52% (formerly 15.48%) on income greater than $35,707, but less than or equal to $71,415;
    515.20% (formerly 16.80%) on income greater than $71,415, but less than or equal to $116,105;
    5and 16.05% (formerly 17.95%) on income greater than $116,105.
  • Nova Scotia
    The provincial tax rates and income thresholds for Nova Scotia remain unchanged.
  • Prince Edward Island
    The provincial tax rates and income thresholds for Prince Edward Island remain unchanged.
  • Newfoundland and Labrador
    In the provincial Budget 2009 of March 26, 2009, the provincial labour-sponsored funds tax credit (factor LCP) has been changed. Retroactive to January 1, 2009, the tax credit rate has been increased to 20% (formerly 15%) of the amounted invested and the maximum investment that can qualify for this tax credit has been increased to $10,000 (formerly $5,000).
  • Quebec
    The provincial tax rates and income thresholds for Manitoba remain unchanged. 
  • Ontario
    The provincial tax rates for Ontario are not changed, but the income thresholds are revised.
  • Manitoba
    The provincial tax rates and income thresholds for Manitoba remain unchanged.
  • Saskatchewan
    Under proposed legislation, the provincial labour-sponsored funds tax credit (factor LCP) has been changed. Retroactive to January 1, 2009, the tax credit rate for investments in nationally registered labour-sponsored venture capital corporations (LSVCCs) has been increased to 20% (formerly 15%) of the amount invested and the maximum investment that can qualify for this tax credit has been increased to $5,000 (formerly $3,500). The maximum tax credit for investments in nationally and provincially registered LSVCCs remains at $1,000. 
  • Alberta
    The provincial tax rates and income thresholds for Manitoba remain unchanged. 
  • British Columbia
    The provincial tax rates and income thresholds for Manitoba remain unchanged. 
  • Yukon
    The territorial tax rates for Yukon are not changed, but the income thresholds are revised.
  • Northwest Territories
    The territorial tax rates for Northwest Territories are not changed, but the income thresholds are revised.
  • Nunavut
    The territorial tax rates for Nunavut are not changed, but the income thresholds are revised.
To refelect these changes, JJuly 1, 2009 Canadian Tax Table Update is now available for the users who purchased E-Payroll to download and update. Please click the following link to download and then update your database.
Copyright @ 2004-2013. Powered by Mbosoft All Rights Reserved.