2024 Tax Rates By Income Canada. 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). The canada revenue agency (cra) has released updated federal income tax brackets for 2025, reflecting adjustments for inflation.
Information for individuals and businesses on rates such as federal and provincial/territorial tax rates, prescribed interest rates, ei rates, corporation tax rates, excise tax rates, and more. For your 2024 payroll deductions, we strongly recommend using our pdoc.
2024 Tax Rates By Income Canada Images References :
