Federal Budget & Resources

The federal budget sets the year’s tax-policy direction — bracket adjustments, new credits, changes to registered accounts, and changes to programs like CPP and OAS. We publish a plain-language summary of each budget here as soon as the relevant figures clear our review process.

How to use this page

The headline numbers — brackets, BPA, CPP/EI maximums, RRSP and TFSA limits — are republished on the dedicated rate pages and used by our calculator. This page focuses on policy changes that don’t fit neatly into a rate table: new credits, structural changes, transitional rules.

Official sources

For the source documents, the Department of Finance Canada publishes:

• The annual federal budget document
• Supporting backgrounders and tax measures supplements
• The fall economic statement

For the act-level text of any change, search the Department of Justice Laws website for the Income Tax Act or relevant statute.

Recent budgets

A summary of recent budgets is in development. Until then, please refer to the official Department of Finance documents linked above.