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New Tax Brackets 2024 Canada Income
New Tax Brackets 2024 Canada Income. Here are the federal income tax brackets for the 2023 and 2024 tax years. Any income above $235,675 will be taxed at 33%.
The federal tax brackets and personal tax credit amounts are increased for 2024 by an indexation factor of 1.047 (a 4.7% increase). Income between $165,430 and $235,675 will be taxed at 29%.
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