The Canada Revenue Agency (CRA) has released Canada's income tax brackets for 2025, and there are a few things you'll want to know about how these changes might affect your income this year.

These are called tax brackets. Put differently, a tax bracket has a specific tax rate applied to that range of income. Canada uses a progressive or graduated tax system that taxes higher levels of ...

Canadians' federal income tax bracket has changed slightly this year, according to the Canada Revenue Agency (CRA). The CRA revealed the federal tax brackets for 2025, adjusted for inflation.

As you earn more income, you climb further up Canada’s federal and provincial/territorial tax brackets—also known as marginal tax rates. Your marginal tax rate refers to the rate at which your ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...