Income Tax Levels 2024 Canada. Here are the federal and provincial tax brackets to help you prepare for tax season. The old age security (oas) repayment using 2024 income takes effect for payments from july 2025 to june 2026 and is for net world income from $90,997 to $148,065 for individuals aged 65 to 74.
For 2024, the federal income thresholds, the personal amounts, and the canada employment amount have been changed based on changes in the consumer price index. The ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8%.