Inflation Calculator Canada
Convert dollars between any two years since 1990, project how inflation erodes a salary over time, and model provincial bracket creep. Federal brackets are fully indexed to CPI, but several provinces only partially index, quietly raising real-terms tax bills.
Value of money over time
$1,000 in 2000
$1,665 in 2024
Same purchasing power
$1,000 in 2024
$601 in 2000
Reverse direction
Cumulative inflation
66.5%
2000 → 2024
Annualised inflation
2.15%
CAGR of CPI over 24 yrs
Value of $1,000 from 2000, every year since
Source: Statistics Canada Table 18-10-0005-01 (Consumer Price Index, annual average, all-items, 2002 = 100).
How Canadian inflation and tax indexation work
CPI (Consumer Price Index): Statistics Canada's flagship inflation measure. Published monthly and as an annual average via Table 18-10-0005-01. The reference base is 2002 = 100, meaning a 2024 CPI of 158.8 indicates prices are 58.8% higher than in 2002.
Federal indexation: The CRA multiplies each federal bracket and the Basic Personal Amount by an inflation factor every year, announced the preceding November. This keeps the real value of the brackets roughly constant and largely neutralises federal bracket creep.
Provincial indexation: Policy varies by province. Ontario, BC, Alberta, Quebec, Saskatchewan, NB, NL, YT, NWT and Nunavut fully index. Nova Scotia, PEI and (historically) Manitoba have frozen brackets or the BPA for extended periods — this calculator treats them as partially indexed (roughly 50% of CPI) as a simplified planning assumption.
Real vs nominal: Nominal dollars are the face-value amounts in the year they're paid. Real dollars adjust for inflation, typically expressed in today's purchasing power. For retirement planning, always think in real terms.
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Retirement Projection
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Sources: Statistics Canada Table 18-10-0005-01 (CPI annual, all-items), CRA — Indexation of the personal income tax system, TaxTips.ca — Provincial indexation