Merge branch 'master' of https://github.com/PolicyEngine/policyengine…

…-canada into pr/okeyiii/443

CHANGELOG.md

@@ -5,6 +5,12 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.html).
 
+## [0.91.0] - 2024-02-29 14:47:21
+
+### Added
+
+- British Columbia pension income amount.
+
 ## [0.90.0] - 2024-02-29 02:49:05
 
 ### Added
@@ -706,6 +712,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 
 
+[0.91.0]: https://github.com/PolicyEngine/policyengine-canada/compare/0.90.0...0.91.0
 [0.90.0]: https://github.com/PolicyEngine/policyengine-canada/compare/0.89.0...0.90.0
 [0.89.0]: https://github.com/PolicyEngine/policyengine-canada/compare/0.88.1...0.89.0
 [0.88.1]: https://github.com/PolicyEngine/policyengine-canada/compare/0.88.0...0.88.1

changelog.yaml

@@ -586,3 +586,8 @@
     added:
     - British Columbia basic personal amount.
   date: 2024-02-29 02:49:05
+- bump: minor
+  changes:
+    added:
+    - British Columbia pension income amount.
+  date: 2024-02-29 14:47:21

policyengine_canada/parameters/gov/provinces/bc/tax/income/credits/non_refundable.yaml

@@ -4,6 +4,7 @@ values:
     - bc_tax_reduction_credit
     - bc_age_credit
     - bc_basic_personal_amount
+    - bc_pension_income_amount
 
 metadata:
   unit: list

policyengine_canada/parameters/gov/provinces/bc/tax/income/credits/pension_income_amount/cap.yaml

@@ -0,0 +1,14 @@
+description: British Columbia caps the pension benefit at this amount.
+values:
+  2022-01-01: 1_000
+metadata:
+  unit: currency-CAD
+  period: year
+  label: British Columbia pension benefit cap
+  reference:
+  - title: 2023 British Columbia Personal Tax Credits Return, TD1BC
+    href: https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/td1bc/td1bc-23e.pdf#page=1
+  - title: British Columbia Income Tax Act § 4.32
+    href: https://www.bclaws.gov.bc.ca/civix/document/id/complete/statreg/96215_00_multi#section4.32
+  - title: 2022 British Columbia Personal Tax Credits Return, TD1BC
+    href: https://tsaykeh.com/files/pdf/1650179447_BC%20Tax%20Form.pdf#page=1

policyengine_canada/tests/gov/provinces/bc/tax/income/credits/bc_pension_income_amount/bc_pension_income_amount.yaml

@@ -0,0 +1,15 @@
+- name: Pension income is larger than the maximum amount
+  period: 2023
+  input:
+    province_code: BC
+    pension_and_savings_plan_income: 1_001
+  output:
+    bc_pension_income_amount: 1_000
+
+- name: Pension income is less than the maximum amount
+  period: 2023
+  input:
+    province_code: BC
+    pension_and_savings_plan_income: 800
+  output:
+    bc_pension_income_amount: 800

policyengine_canada/variables/gov/provinces/bc/tax/income/credits/pension_income_amount/bc_pension_income_amount.py

@@ -0,0 +1,18 @@
+from policyengine_canada.model_api import *
+
+
+class bc_pension_income_amount(Variable):
+    value_type = float
+    entity = Person
+    label = "British Columbia pension income amount"
+    unit = CAD
+    definition_period = YEAR
+    defined_for = ProvinceCode.BC
+
+    def formula(person, period, parameters):
+        pension_income = person("pension_and_savings_plan_income", period)
+        p = parameters(
+            period
+        ).gov.provinces.bc.tax.income.credits.pension_income_amount
+        # Capped at a certain amount
+        return min_(p.cap, pension_income)

setup.py

@@ -42,7 +42,7 @@
 
 setup(
     name="policyengine-canada",
-    version="0.90.0",
+    version="0.91.0",
     author="PolicyEngine",
     author_email="hello@policyengine.org",
     classifiers=[