Income Tax Brackets 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). They set their own rates, brackets, and credits).

Information for individuals and businesses on rates such as federal and provincial/territorial tax rates, prescribed interest rates, ei rates, corporation tax rates, excise tax rates, and. Capital gains (50% of income tax)—the canada revenue agency applies this when trading is a hobby and not a primary source of income.