Canada – Change in Income Tax Tables and Benefits Amount

Income Tax Changes

Adjustment of Thresholds

The basic income thresholds for various tax brackets have been increased.

Canada child benefit (CCB)

• The Canada Child Benefit (CCB) base amount for a child under age 6 in 2025 is $7,997.
• The CCB base amount for a child aged 6 to 17 in 2025 is $6,748.
• The adjusted family net income at which the benefit phase-out begins in 2025 is $37,487.
• The second phase-out threshold in 2025 is $81,222.
• The base phase-out amount for one eligible child in 2025 is $3,061.
• The base phase-out amount for two eligible children in 2025 is $5,904.
• The base phase-out amount for three eligible children in 2025 is $8,310.
• The base phase-out amount for four or more eligible children in 2025 is $10,059.

Further details on other personal income tax and benefits amounts  can be found on the Canada revenue agency website.

Note: The above changes have not been approved. Once it is approved it will be effective from January 2025.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.

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Canada – Change in Income Tax Tables and Benefits Amount

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