What are the 2024 Canadian federal income tax brackets?

15% (≤ CAD 55,867), 20.5% (CAD 55,868–111,733), 26% (CAD 111,734–154,906), 29% (CAD 154,907–220,000), 33% (> CAD 220,000).

What is the basic personal amount in Canada for 2024?

The 2024 federal basic personal amount is CAD 15,705, which reduces federal tax payable by 15% × CAD 15,705 = CAD 2,356.

Canada Federal Income Tax Calculator (CRA)

Calculate Canada federal income tax for 2024: 15% on CAD 0–55,867; 20.5% on CAD 55,868–111,733; 26% on CAD 111,734–154,906; 29% on CAD 154,907–220,000; 33% above CAD 220,000. Basic personal amount CAD 15,705. CPP and EI deductions also calculated.

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$ Finance Disclaimer: These calculators are for educational and illustrative purposes only. Results do not constitute financial advice. Consult a licensed financial advisor before making investment or borrowing decisions.

How to Use

Enter the values for the scenario you are assessing. Calculate Canada federal income tax for 2024: 15% on CAD 0–55,867; 20.5% on CAD 55,868–111,733; 26% on CAD 111,734–154,906; 29% on CAD 154,907–220,000; 33% above CAD 220,000. Basic personal amount CAD 15,705. CPP and EI deductions also calculated. Use the canada federal income tax result to inform your calculation.

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