Canadians will be paying more federal income tax next year, according to the Canada Revenue Agency (CRA). The CRA revealed the federal tax brackets f…
The CRA revealed the federal tax brackets for 2025, adjusted for inflation. While federal tax rates are the same, the income thresholds for each bracket have shifted.
In 2025, the indexation increase will be 2.7 per cent, which is lower than the 4.7 per cent in 2024, according to the agency.Less than or up to $57,375 — 15 per centBetween $177,882 and $253,414 — 29 per cent, which increased the inclusion rate from one-half to two-thirds for any Canadian or corporation that makes over $250,000 per year in capital gains.
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