![]() The contribution limit increased from $27,830 in 2021 to $29,2. Of course you can’t talk about income tax brackets without thinking about registered retirement savings plans (RRSPs). It will be indexed for inflation in subsequent years going forward. The basic personal amount was increased from $14,398 for the 2022 taxation year, and to $15,000 for the 2023 taxation year. Plus, those who make $40,000 or less get a full tax deduction. ![]() This is a non-refundable tax credit that can be claimed by all individuals filing their taxes. The basic personal amount has changed as well.
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