New year, new taxes: how taxation changes in 2023 could affect you

Sunday, January 1, 2023
Pivture of Dan Rogozynski

The federal government has introduced several changes to taxation and tax benefits for this year — and experts tell CBC News the tax changes related to housing are the ones to watch.

The federal government indexes personal income tax brackets and many tax benefits to inflation. They'll increase by 6.3 per cent this year, says the Canada Revenue Agency.

Rogozynski said it's a far higher jump than usual.

"This is triple what you would normally see across the last 40 years," he said.

Watch Dan Rogozynski's interview with CTV news