The data includes the following information for various tax credits and benefits: * maximum amounts * income ranges * phase-out rates Each year the maximum amounts and income ranges for certain credits and benefits are adjusted for inflation. You can download the dataset to view these adjustments.

Canada Consumer Price Index (CPI): sa: Core data was reported at 158.100 2002=100 in Feb 2025. This records an increase from the previous number of 157.400 2002=100 for Jan 2025. Canada Consumer Price Index (CPI): sa: Core data is updated monthly, averaging 103.900 2002=100 from Jan 1984 (Median) to Feb 2025, with 494 observations. The data reached an all-time high of 158.100 2002=100 in Feb 2025 and a record low of 61.700 2002=100 in Jan 1984. Canada Consumer Price Index (CPI): sa: Core data remains active status in CEIC and is reported by Statistics Canada. The data is categorized under Global Database’s Canada – Table CA.I009: Core Inflation Index. All-items excluding eight of the most volatile components as defined by the Bank of Canada and excluding the effect of changes in indirect taxes.

The statistic shows the average inflation rate in Canada from 1987 to 2023, with projections up until 2029. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2022, the average inflation rate in Canada was approximately 6.8 percent compared to the previous year. For comparison, inflation in India amounted to 5.56 percent that same year.

Inflation in Canada

In general, the inflation rate in Canada follows a global trend of decreasing inflation rates since 2011, with the lowest slump expected to occur during 2015, but forecasts show an increase over the following few years. Additionally, Canada's inflation rate is in quite good shape compared to the rest of the world. While oil and gas prices have dropped in Canada much like they have around the world, food and housing prices in Canada have been increasing. This has helped to offset some of the impact of dropping oil and gas prices and the effect this has had on Canada´s inflation rate.

The annual consumer price index of food and non-alcoholic beverages in Canada has been steadily increasing over the last decade. The same is true for housing and other price indexes for the country. In general there is some confidence that the inflation rate will not stay this low for long, it is expected to return to a comfortable 2 percent by 2017 if estimates are correct.

Canada Core Inflation Nowcast: sa: Contribution: Energy: Diesel Price: Avg Retail incl Taxes: Volume Weighted data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Diesel Price: Avg Retail incl Taxes: Volume Weighted data is updated weekly, averaging 0.000 % from Jan 2018 (Median) to 10 Mar 2025, with 375 observations. The data reached an all-time high of 26.655 % in 08 Jan 2018 and a record low of 0.000 % in 10 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Diesel Price: Avg Retail incl Taxes: Volume Weighted data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

Inflation Rate in Canada increased to 2.60 percent in February from 1.90 percent in January of 2025. This dataset provides - Canada Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Canada Core Inflation Nowcast: sa: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data is updated weekly, averaging 0.000 % from Jan 2018 (Median) to 10 Mar 2025, with 375 observations. The data reached an all-time high of 22.700 % in 18 Jan 2021 and a record low of 0.000 % in 10 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

Revenue for tax preparation providers in Canada benefited from steady economic stabilization following a period of high inflation, driven by an increasing number of households earning $100,000 or more. While shaky economic conditions in the wake of the pandemic and subsequent inflationary pressures curtailed lower-income customers’ propensity to procure services, a big push among wealthier customers offset serious losses. In recent years, the expansion of new technology via smartphone apps and higher emphasis on digital presence has further maximized tax preparers’ exposure. Prominent companies like H&R Block and Intuit Inc. continue to invest more capital into new technologies that digitize their services and offer clients greater accessibility to their services. These trends caused revenue to grow an annualized 1.4% to an estimated $1.7 billion over the past five years, including an anticipated 4.3% slip in 2024 caused primarily by heightened competition among lower-cost DIY services. The introduction of online tax preparation services has been the most prominent change that continues to influence tax preparers’ demand. Strong growth of user-friendly online products, coupled with increasing internet capabilities, has enabled more consumers to complete their returns through tax software. These technological advancements are disrupting traditional operations as more tax filers begin using the assisted tax preparation software such as Intuit Inc.'s TurboTax product to the benefit of the industry. However, this has also driven individuals to use the free public online resource, circumventing traditional tax preparers and curtailing larger revenue growth. Nonetheless, the broader digitalization trend is having meaningful effects in consumer behaviour, with 59.8% of Canadian individuals using E-FILING services for their tax needs, according to 2024 figures from the Canadian Revenue Agency. The higher emphasis on digital services has also stabilized servicers’ profit margin, although high compliance costs and the consistent dependence on qualified staff curtails any growth prospects. Moving forward, tax preparation servicers will benefit from a mix of good economic conditions, anticipated declines in the national unemployment rate and the growing adoption of AI across its workflow. Anticipated growth in corporate sentiment and disposable income will provide core revenue streams for tax preparers’ largest markets, with households earning over $100,000 leading the charge. Expansion of value-added services such as financial document compilation and consulting services to compete with the increasing use of online services. Revenue is expected to grow an annualized 1.7% to an estimated $1.8 billion through the end of 2029.

Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data was reported at 0.095 % in 17 Mar 2025. This stayed constant from the previous number of 0.095 % for 10 Mar 2025. Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data is updated weekly, averaging 0.095 % from Jan 2018 (Median) to 17 Mar 2025, with 376 observations. The data reached an all-time high of 36.499 % in 18 Feb 2019 and a record low of 0.000 % in 18 Nov 2024. Canada Core Inflation Nowcast: sa: Contribution: Energy: Regular Gasoline Price: Avg Retail incl Taxes: Simple data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core.

This table contains 11 series, with data from 1949 (not all combinations necessarily have data for all years). Data are presented for the current month and previous four months. Users can select other time periods that are of interest to them.

Canada Inflation Nowcast: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Canada Inflation Nowcast: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 10 Mar 2025, with 323 observations. The data reached an all-time high of 7.790 % in 10 Jun 2024 and a record low of 0.000 % in 10 Mar 2025. Canada Inflation Nowcast: Contribution: Energy: Furnace Oil Price: Avg Retail incl Taxes: Simple data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Canada – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Les donnees comprennent les informations suivantes au sujet des divers credits d'impot et prestations : * plafonds * paliers de revenu * taux d'elimination progressive Chaque annee, les plafonds et les paliers de revenu de certains credits et prestations sont rajustes en fonction de l'inflation. Vous pouvez telecharger les ensembles de donnees pour voir ces rajustements.

通货膨胀即时预测：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：简单在03-03-2025达0.000%，相较于02-24-2025的0.000%保持不变。通货膨胀即时预测：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：简单数据按周更新，01-07-2019至03-03-2025期间平均值为0.000%，共322份观测结果。该数据的历史最高值出现于09-09-2024，达27.196%，而历史最低值则出现于03-03-2025，为0.000%。CEIC提供的通货膨胀即时预测：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：简单数据处于定期更新的状态，数据来源于CEIC Data，数据归类于全球数据库的加拿大 – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Headline。

核心通胀即时预测：SA：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：量加权在03-10-2025达0.000%，相较于03-03-2025的0.000%保持不变。核心通胀即时预测：SA：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：量加权数据按周更新，01-08-2018至03-10-2025期间平均值为0.000%，共375份观测结果。该数据的历史最高值出现于02-15-2021，达14.256%，而历史最低值则出现于03-10-2025，为0.000%。CEIC提供的核心通胀即时预测：SA：贡献：能源：Regular Gasoline Price：Avg Retail excl Taxes：量加权数据处于定期更新的状态，数据来源于CEIC Data，数据归类于全球数据库的加拿大 – Table CA.CEIC.NC: CEIC Nowcast: Inflation: Core。