Tax numbers for 2024

Tax numbers for 2024

Tax numbers for 2024 Here are the new tax numbers you need to know.   Inflation adjustment factor Most income tax and benefit amounts are indexed to inflation each year. In November, the Canada Revenue Agency¬†announced the inflation rate to be used to index the...

Tax Brackets Canada 2021

Federal Tax Bracket Rates for 2021 The following are the federal tax rates for 2021 according to the Canada Revenue Agency (CRA): 15% on the first $49,020 of taxable income, and 20.5% on the portion of taxable income over $49,020 up to $98,040 and 26% on the portion...