Effective January 2016 MSP rated will increase by 4.2%. Family of 3 and more will be paying $150/month.
Government Announces the 2016 Automobile Deduction Limits and Expense Benefit Rates for Business.http://www.fin.gc.ca/n15/15-090-eng.asp
Tax rate changes for individuals and tax-free savings account.
For the 2016 and subsequent tax years, the federal personal income tax rate on taxable income of $45,282 to $90,563 (the second income tax bracket) will be reduced by 1.5% from 22% to 20.5%.
For 2016, the Government proposes a TFSA annual contribution limit of $5,500.