TD1 Forms for 2023 Published

Elliot Ngai
Elliot Ngai

On December 20, 2022, the Federal government released the 2023 basic personal amounts (BPA) for each jurisdiction.

Province or Territory Basic exemption
Federal $15,000*
Alberta $21,003
British Columbia $11,981
Manitoba $10,855
New Brunswick $12,458
Newfoundland and Labrador $10,382
Northwest Territories $16,593
Nova Scotia $11,481*
Nunavut $17,925
Ontario $11,865
Prince Edward Island $12,000
Quebec $17,183
Saskatchewan $17,661
Yukon $15,000*

*The basic personal amounts for Federal, Nova Scotia and Yukon are unique to each employee’s annual income from all sources.

Note: Due to the unusually late publication from the CRA, employees and retirees may experience a slight difference in their net pay until these changes have been programmed within their payroll systems.

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