An Act to amend the Income Tax Act = Loi modifiant la Loi de l'impôt sur le revenu.: XB421-2/3-PDF

“This enactment amends the Income Tax Act to reduce the second personal income tax rate from 22% to 20.5% and to introduce a new personal marginal tax rate of 33% for taxable income in excess of $200,000. It also amends other provisions of that Act to reflect the new 33% rate. In addition, it amends that Act to reduce the annual contribution limit for tax-free savings accounts from $10,000 to its previous level with indexation ($5,500 for 2016) starting January 1, 2016”--Summary, p. ii.

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Publication information
Department/Agency Canada. Parliament. House of Commons.
Title An Act to amend the Income Tax Act = Loi modifiant la Loi de l'impôt sur le revenu.
Variant title Loi modifiant la Loi de l’impôt sur le revenu
Series title Bill C-... ; Bill C-2, 1st session, 42nd Parliament
Publication type Series - View Master Record
Language Bilingual-[English | French]
Format Electronic
Electronic document
Note(s) As passed by the House of Commons, September 20, 2016.
Sponsor: Minister of Finance.
Text in English and French.
Publishing information [Ottawa] : House of Commons, 2016.
Author / Contributor Morneau, Bill, 1962-
Description ii, 7 p.
Catalogue number
  • XB421-2/3-PDF
Subject terms Personal income tax
Legislation
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