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| Excerpt From Table |
Each year, certain personal income tax and benefit
amounts are indexed to inflation using the Consumer Price Index data as
reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to
non‑refundable credits, and most other amounts will take effect on
January 1, 2012. However, increases to the Canada Child Tax Benefit
(including the National Child Benefit Supplement and the Child
Disability Benefit) and the goods and services tax credit will take
effect on July 1, 2012, to coincide with the beginning of the program
year for payment of these benefits. The following chart compares the indexed amounts for the 2011 and
2012 tax years. It reflects an indexation increase of 2.8% for 2012.
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