Tax Brackets For 2024 Tax Year Canada. For 2024, the provincial income thresholds, the personal amounts, and the tax reduction amounts have been indexed. Calculate your tax bill and marginal tax rates for 2024.

The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase). The basic personal amount is $13,500 in.