What Tax Bracket Am I In 2024 Canada . The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase). Canada 2024 and 2023 tax rates & tax brackets.
For example, in the 2024 tax year, if you earn $80,000, you will be in the $55,867 to $111,733 federal tax bracket with a tax rate of 20.5%. Canada’s 2024 tax brackets and rates have been updated.
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