Tax Changes in Canada for 2027: Indexed Amounts, Limits and Key Dates

Every January a new set of tax figures takes effect in Canada. Most of the change is inflation indexing: bracket thresholds, the basic personal amount and most credit amounts move up each year, while the tax rates themselves change only when Parliament passes a new rate. This page lists the amounts that change for 2027, the ones that are fixed in law, and the measures still in effect. For the filing process itself, see the guide to filing a tax return in Canada.

Indexed amounts: this year and next

The CRA publishes the next year’s indexed bracket thresholds and credit amounts in the fall, usually in November, and ESDC and the CRA publish the next year’s EI and CPP figures in the fall as well. Where next year’s figure is already published, it appears in the table; otherwise the row links to the page that will carry it.

The federal basic personal amount shrinks for high incomes, from the enhanced amount down to $14,829 once net income passes $258,482. The EI contribution rates page has the full EI premium history.

Capital gains

The capital gains inclusion rate stays at 50% for individuals, corporations and trusts. A proposed increase to 66.67% was cancelled on March 21, 2025; the history and how the rate applies are on the capital gains inclusion rate page.

Measures that continue

• Home buyers. The FHSA annual limit is $8,000, the RRSP Home Buyers’ Plan lets each buyer withdraw up to $60,000, and the first-time home buyers’ amount is $10,000 (a non-refundable credit). The deductions and credits hub covers each credit.
• Families. The Canada Child Benefit amounts are indexed to inflation, and the Canada Education Savings Grant on RESP contributions continues.
• Carbon rebate. The consumer carbon charge and the Canada Carbon Rebate ended in April 2025, so no regular rebate payments are scheduled.
• Small business. The federal small business rate is 9% on the first $500,000 of active business income; the corporate tax hub covers the rules.

Other rules to watch

• Alternative minimum tax. The AMT rules were rewritten starting with the 2024 tax year. They mainly reach people with large capital gains, significant charitable gifts or tax-shelter investments; most people with employment income alone are less likely to be affected.
• Underused Housing Tax. Who still has to file a UHT return, and for which years, is covered on the Underused Housing Tax page.
• Bare trusts. The CRA exempted bare trusts from T3 filing for the 2023 to 2025 tax years, and from the 2026 tax year only “reportable bare trusts” are expected to file, with the criteria still to be published. The bare trust rules guide tracks the guidance.

Key dates for the next filing season

The personal return is due April 30 (June 15 for the self-employed and their spouses, with any balance still due April 30). The full calendar, including the RRSP deadline and the instalment dates, is on the tax deadlines page.

Planning around the changes

Moves that depend on the calendar year, such as tax-loss selling, charitable gifts and RESP contributions, have to happen by December 31; the year-end tax planning checklist lists them. For the broader strategies, see ways to pay less tax.

Where changes come from

New measures are announced in the federal budget (usually in March or April), the Fall Economic Statement in November, and CRA and Finance Canada announcements. What the most recent budget changed for households is on the Budget 2026 personal finance page, and the income tax calculator shows the current-year figures applied to a given income.