CRA tax brackets 2025
The Canada Revenue Agency has put together tax brackets. They update them annually below are the tax brackets based on income for 2025. These tax brackets indicate how much tax you will be required to pay at the end of the fiscal year. This is important in order to anticipate how much you should plan to set aside for the taxman the following year and for projected income. Both businesses and individuals should keep track of these numbers and estimate their own income relative to the brackets.
Income of $57,375 or less =14.5%
Income of $57.375 through $114,750=$ 20.5%
Income of $114,750 through $177,882=26%
Income of $177,882 through $253,414=29%
Income of $253,414 or more =33%