2025 Income Tax Brackets Ontario Canada

2025 Income Tax Brackets Ontario Canada. Each year, most income tax and benefit amounts in canada are indexed to inflation. Above $57,375 to $114,750 (20.5 per cent);

The canada revenue agency (cra) adjusts federal tax brackets annually to account for inflation, ensuring a fair taxation system. Incomes within the $57,375 or less tax bracket will be taxed at 15 per cent;