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WEALTH SENSE INFO REFERENCE
We all have that instance where there's a basic piece of financial data we need but just can't remember it off the top of our heads. As such, compiled here is current information to help make some financial decisions a bit easier to make. There's a printable PDF version at the bottom as well.
Bank of Canada Rate: 4.50% (as of January 25, 2023)
US Fed Funds Rate: 4.75% (as of February 1, 2023)
2022 RRSP Contribution Deadline: March 1, 2023
2022 RRSP Dollar Limit Maximum: $29,210
2022 Maximum Income: $162,278
2023 RRSP Dollar Limit Maximum: $30,780
2023 Maximum Income: $171,000
2023 TFSA Contribution Maximum: $6,500
2023 TFSA Contribution Deadline: December 31, 2023
Total Cumulative TFSA Contribution Room: $88,000
2023 RESP Contribution Grantable Maximum: $2,500
2023 RESP Catch-Up Contribution Grantable Maximum: $2,500
2023 RESP Contribution Deadline: December 31, 2023
2023 Maximum CPP Monthly Benefit (at age 65): $1,306.57
2023 Maximum OAS Monthly Benefit (at age 65): $685.50
2023 OAS Clawback Begins at Income: $86,912
2023 100% OAS Clawback Income: $134,626
2023 Yearly Maximum Pensionable Earnings: $66,600
2023 Maximum EI Insurable Earnings: $61,500
2023 Federal Basic Personal Amount: $15,000
2023 Federal Marginal Tax Rate Brackets
up to $53,359: 15%
$53,360 to $106,717: 20.5%
$106,718 to $165,430: 26%
$165,431 to $235,675: 29%
over $235,676: 33%