Dec 16, 2024 1 min read

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.

From (CAD)To (CAD)Rate (%)
0573750
57375.0111475020.5
114750.0117788226
177882.0125341429
253414.0199999999999933

Canada child benefit (CCB)

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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