2024 Income Tax Brackets Canada Tax

2024 Income Tax Brackets Canada Tax. The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase). Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator.

2024 cwb amounts are based on 2023 amounts indexed for inflation. In canada, federal tax rates apply only on the amount you earn within each federal tax bracket.