Tax Rates 2024 2025 Canada. 10 rows the federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (a 2.7% increase). Rates are current as of july 30, 2024.


Tax Rates 2024 2025 Canada

In total, that adds up to $9,227.31. In 2024, the first $55,867 would be taxed at 15 per cent ($8,380.05) while the remaining portion would be taxed at 20.5 per cent ($847.26).

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