Tax Brackets 2024 Canada Over 65

Tax Brackets 2024 Canada Over 65. The ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8% increase), except. Here are some new numbers and key dates to consider for 2024, starting with tax brackets on employment income:

These rates apply to your taxable income. Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income (line 23600 of your return) is less than $98,309.