2024 Income Tax Brackets Canada Over 65. Get a quick, free estimate of your 2023 income tax refund or taxes owed using our income tax calculator. In 2024, the first $55,867 would be taxed at 15 per cent ($8,380.05) while the remaining portion would be taxed at 20.5 per cent ($847.26).
Understanding canada’s tax brackets for 2024 is key to preparing for tax season and ensuring you minimize any surprises. 2025 and 2024 tax brackets and tax rates have been verified to cra factors.