What are the Biggest TAX CHANGES in CANADA for 2023? Will Taxes go DOWN this year? What are the new TFSA & RRSP Limits? How does the First Home Savings Account work? What are the new TAX BRACKETS in Canada? Will CPP be Increased? How does the Basic Personal Amount work?

I’ll be breaking down all of the Essential Tax Changes in Canada for 2023. These updates were just announced and it’s important to plan ahead and make the most of your financial new year! I’ll be breaking down the new TFSA & RRSP Limits, changes to the Canadian Pension Plan (CPP), the updated Tax Brackets and Tax Credits like the Basic Personal Amount and the Lifetime Capital Gains Exemption and the brand NEW tax-sheltered account called the First Home Savings Account (FHSA) to help you save up for a downpayment on your first home!

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SKIP AHEAD ⏩
-Intro: 0:00
-TFSA Limit: 1:31
-Max TFSA Limit Table: 3:09
-New Canadians - TFSA Room: 3:50
-RRSP Limit: 4:38
-CPP Changes: 6:07
-Tax Brackets: 8:07
-Basic Personal Amount: 9:39
-Lifetime Capital Gains Exemption: 10:59
-FHSA - First Home Savings Account: 11:58
-Final Thoughts: 13:44

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