Information on income tax rates in Canada including federal rates and those rates specific to provinces and territories.

1 week ago - The standard deduction will increase by $350 for single filers and by $700 for joint filers compared to the 2025 tax year (Table 2). The OBBBA boosted the standard deduction in 2025 by $750 for single filers and $1,500 for joint filers compared ...

December 2, 2025 - Tax brackets are updated based on inflation rates using the Consumer Price Index. This means that tax bracket thresholds increase in relation to the increase of the costs of goods and services. Here are new federal and provincial tax brackets and rates for 2026:

2 days ago - The OBBBA has adjusted old rates for the high-inflation world we’re living in. While the 2025 tax brackets were a glimpse of the ‘temporary’ TCJA era, the 2026 tax brackets represent a permanent, inflation-proofed future.

December 3, 2025 - See below for the updates to 2026 federal tax bracket thresholds, and an update on the Basic Personal Amount (BPA) for 2026. ... The lowest tax rate was reduced to 14%, effective for the full year. This is down from 14.5% for 2025 due to a mid-year ...

December 3, 2025 - To reflect a one-percentage-point cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5 per cent and the full-year rate for 2026 and future tax years will be 14 per cent,” says ...

The Ontario tax brackets and personal tax credit amounts are increased for 2026 by an indexation factor of 1.019 (1.9% increase), except for the $150,000 and $220,000 bracket amounts, which are not indexed for inflation.

December 6, 2025 - The difference between getting taxed at 20% versus 26% on investment income over decades can shape someone’s retirement outcome. By understanding the CRA’s 2026 thresholds early, investors can map out a smarter strategy to keep more of their ...

December 2, 2025 - Several tax changes will be implemented next year and will affect how much you take home after deductions.

5 days ago - Consult a professional for your specific situation. The 2026 schedule retains seven marginal rates — 10%, 12%, 22%, 24%, 32%, 35%, 37% — with top thresholds at 0,600 for single filers and 8,700 for married filing jointly.

For single taxpayers and married individuals filing separately, the standard deduction rises to $16,100 for tax year 2026, and for heads of households, the standard deduction will be $24,150. (Additionally, for tax year 2025, the OBBB raises the standard deduction amount to $31,500 for married ...

19 hours ago - Tax brackets rise with inflation. The brackets for 2025, reflected on the tax return you file in 2026, are slightly higher than the ones for 2024.

To reflect the 1% cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5%. This means that for payroll withholding from the first pay in July to the end of the year a tax rate of 14% will apply. For 2026 and subsequent tax year, ...

2 weeks ago - For 2026 and subsequent tax years, the lowest federal tax bracket will be 14 per cent, a decrease from 14.5 in 2025.

December 4, 2025 - For 2025, there has also been a change from 15% to 14% for income in the lowest bracket. The change happened on Canada Day, so the effective rate on the first bracket is 14.5% for 2025 and 14% thereafter.

For 2026 and subsequent tax years, the lowest federal tax bracket will be 14%. You can download Guides T4008, Payroll Deductions Supplementary Tables, and T4032, Payroll Deductions Tables, from our webpage at canada.ca/payroll. You can also choose to print only the pages or information that ...

Use this effective tax bracket calculator to estimate your rates by multiple years. See other resources for 2025 Taxes. ... For your personal effective tax rate, use the RATEucator Tool. ... For your Effective Tax Rate, use the RATEucator Tool. ... For your Effective Tax Rate, use the RATEucator Tool. ... For your Effective Tax Rate, use the RATEucator Tool. Below are the 2026 tax rates by income and filing status; see other 2026 tax resources.

3 weeks ago - The upper end of the lowest tax bracket (10%) has been raised from $11,925 in 2025 to $12,400 in 2026.

May 27, 2025 - To reflect a one-percentage-point cut in the lowest tax rate coming into effect halfway through the year, the full-year tax rate for 2025 will be 14.5 per cent and the full-year rate for 2026 and future tax years will be 14 per cent.