2025 Tax Brackets Canada Single

2025 Tax Brackets Canada Single. Here’s what you need to know for next year. These changes reflect inflation adjustments and policy updates, impacting tax brackets, contribution limits, and benefits.

Under canada’s progressive tax system, income is taxed in tiers, with each portion taxed at the rate corresponding to its bracket. 26% on income over $114,750 up to $177,882, plus;