2025 Tax Brackets Canada Over 65. Discover the key tax changes coming in 2025, including updated tax brackets, cpp contributions, benefits adjustments, and savings limits for rrsps and tfsas. Canada's income tax brackets have changed and here's what you'll pay in 2025.

For 2025, income tax brackets are increasing by 2.7% in the new year to prevent higher prices from pushing canadians into higher tax brackets. In addition, each province in canada will also adjust its own tax brackets based on their respective inflation factors.