Month: January 2025

Canadian Income Tax Rates for 2025

Excerpt from CRA Website

Federal income tax rates for 2025

Tax rate Taxable income threshold
15% on the portion of taxable income that is $57,375 or less, plus
20.5% on the portion of taxable income over $57,375 up to $114,750, plus
26% on the portion of taxable income over $114,750 up to $177,882, plus
29% on the portion of taxable income over $177,882 up to $253,414, plus
33% on the portion of taxable income over $253,414

See how amounts are adjusted for inflation.

2025 provincial and territorial income tax rates

Provincial and territorial tax rates vary across Canada; however, your provincial or territorial income tax (except Quebec) is calculated in the same way as your federal income tax.

Newfoundland and Labrador income tax rates for 2025
Tax rate Taxable income threshold
8.7% on the portion of taxable income that is $44,192 or less, plus
14.5% on the portion of taxable income over $44,192 up to $88,382, plus
15.8% on the portion of taxable income over $88,382 up to $157,792, plus
17.8% on the portion of taxable income over $157,792 up to $220,910, plus
19.8% on the portion of taxable income over $220,910 up to $282,214, plus
20.8% on the portion of taxable income over $282,214 up to $564,429, plus
21.3% on the portion of taxable income over $564,429 up to $1,128,858, plus
21.8% on the portion of taxable income over $1,128,858
Prince Edwards Island income tax rates for 2025
Tax rate Taxable income threshold
9.8% on the portion of taxable income that is $31,984 or less, plus
13.8% on the portion of taxable income over $31,984 up to $63,969, plus
16.7% on the portion of taxable income over $63,969
Nova Scotia income tax rates for 2025
Tax rate Taxable income threshold
8.79% on the portion of taxable income that is $30,507 or less, plus
14.95% on the portion of taxable income over $30,507 up to $61,015, plus
16.67% on the portion of taxable income over $61,015 up to $95,883, plus
17.5% on the portion of taxable income over $95,883 up to $154,650, plus
21% on the portion of taxable income over $154,650
New Brunswick income tax rates for 2025
Tax rate Taxable income threshold
9.4% on the portion of taxable income that is $51,306 or less, plus
14% on the portion of taxable income over $51,306 up to $102,614, plus
16% on the portion of taxable income over $102,614 up to $190,060, plus
19.5% on the portion of taxable income over $190,060
Quebec income tax rates for 2025
Ontario income tax rates for 2025
Tax rate Taxable income threshold
5.05% on the portion of taxable income that is $52,886 or less, plus
9.15% on the portion of taxable income over $52,886 up to $105,775, plus
11.16% on the portion of taxable income over $105,775 up to $150,000, plus
12.16% on the portion of taxable income over $150,000 up to $220,000, plus
13.16% on the portion of taxable income over $220,000
Manitoba income tax rates for 2025
Tax rate Taxable income threshold
10.8% on the portion of taxable income that is $47,564 or less, plus
12.75% on the portion of taxable income over $47,564 up to $101,200, plus
17.4% on the portion of taxable income over $101,200
Saskatchewan income tax rates for 2025
Tax rate Taxable income threshold
   
10.5% on the portion of taxable income that is $53,463 or less, plus
12.5% on the portion of taxable income over $53,463 up to $152,750, plus
14.5% on the portion of taxable income over $152,750
Alberta income tax rates for 2025
Tax rate Taxable income threshold
10% on the portion of taxable income that is $151,234 or less, plus
12% on the portion of taxable income over $151,234 up to $181,481, plus
13% on the portion of taxable income over $181,481 up to $241,974, plus
14% on the portion of taxable income over $241,974 up to $362,961, plus
15% on the portion of taxable income over $362,961
British Columbia income tax rates for 2025
Tax rate Taxable income threshold
5.06% on the portion of taxable income that is $49,279 or less, plus
7.7% on the portion of taxable income over $49,279 up to $98,560, plus
10.5% on the portion of taxable income over $98,560 up to $113,158, plus
12.29% on the portion of taxable income over $113,158 up to $137,407, plus
14.7% on the portion of taxable income over $137,407 up to $186,306, plus
16.8% on the portion of taxable income over $186,306 up to $259,829, plus
20.5% on the portion of taxable income over $259,829
Yukon income tax rates for 2025
Tax rate Taxable income threshold
6.4% on the portion of taxable income that is $57,375 or less, plus
9% on the portion of taxable income over $57,375 up to $114,750, plus
10.9% on the portion of taxable income over $114,750 up to $177,882, plus
12.8% on the portion of taxable income over $177,882 up to $500,000, plus
15% on the portion of taxable income over $500,000
Northwest Territories income tax rates for 2025
Tax rate Taxable income threshold
5.9% on the portion of taxable income that is $51,964 or less, plus
8.6% on the portion of taxable income over $51,964 up to $103,930, plus
12.2% on the portion of taxable income over $103,930 up to $168,967, plus
14.05% on the portion of taxable income over $168,967
Nunavut income tax rates for 2025
Tax rate Taxable income threshold
4% on the portion of taxable income that is $54,707  or less, plus
7% on the portion of taxable income over $54,707 up to $109,413, plus
9% on the portion of taxable income over $109,413 up to $177,881, plus
11.5% on the portion of taxable income over $177,881

Ontario Taxpayer Rebate

Overview

The Ontario government is providing a $200 taxpayer rebate in 2025, which will give immediate relief for Ontario families in the face of high interest rates and the federal carbon tax.

This $200 taxpayer rebate will be sent to all eligible adults in Ontario who have filed their 2023 Income Tax and Benefit Return by December 31, 2024. Eligible families will receive an additional $200 for each child under 18. For example, a family of 5 with 2 adults and 3 children will receive $1,000, if eligible.

We will begin mailing cheques to recipients of the taxpayer rebate in early 2025.

Who is eligible

The taxpayer rebate will be paid to eligible Ontario adult tax filers and children.

Eligible adults

A $200 taxpayer rebate will be made to eligible Ontario tax filers who meet all the following requirements:

  • 18 years or older at the end of 2023
  • resident in Ontario on December 31, 2023
  • filed their 2023 Income Tax and Benefit Returns by December 31, 2024 and
  • not bankrupt or incarcerated in 2024

Eligible children

A $200 taxpayer rebate will be made in respect of each child under age 18 for whom the Ontario family receives the Canada Child Benefit (CCB) for 2024. This payment will be made to the person(s) who receives the CCB in respect of the child and is a resident of Ontario.

For circumstances where there exists a shared custody arrangement for a child, payments will be split based on the most recent CCB information available.

For families with children who did not receive the CCB for 2024, the government will provide an opportunity for a taxpayer rebate payment of $200 per child through an alternative process.

Calculating your taxpayer rebate

Example 1

Martha and Sheelah filed their 2023 Income Tax and Benefit Returns in spring 2024. They have 3 children under the age of 18 and receive the CCB in respect of these children. Martha and Sheelah will each be eligible to receive a payment of $200, and Martha, who receives the CCB, will qualify for a second payment of $600 in respect of their 3 children under age 18. The family will receive cheques totalling $1,000.

Example 2

Doug and Deamon are separated and have shared custody of an 8-year-old child. Both Doug and Deamon have filed their 2023 Tax and Benefit Returns on time, and each receive a share of the CCB.

Doug and Deamon will each receive a $200 taxpayer rebate. In addition, the $200 payment in respect of their child will be split in two, with Doug and Deamon each receiving $100.

This means Doug and Deamon will each receive taxpayer rebate cheques totaling $300.

Example 3

Shivani resides in Ontario. She has not yet filed her 2023 Tax and Benefit Return, but otherwise, she meets the eligibility requirements of the taxpayer rebate. To receive her payment of $200, Shivani will need to file her 2023 return by December 31, 2024.

When this rebate will be sent

We will begin mailing cheques to recipients of the taxpayer rebate in early 2025.

Contact ServiceOntario  

For general inquiries on the taxpayer rebate, call ServiceOntario at:

2025 Benefit Payment Dates

Excerpt from CRA Website

If you receive federal benefits, including some provincial/territorial benefits, you will receive payment on these dates. If you set up direct deposit, payments will be deposited in your account on these dates.

Canada Pension Plan
Includes the Canada Pension Plan (CPP) retirement pension and disability, children’s and survivor benefits.
Old Age Security
Includes Old Age Security pension, Guaranteed Income Supplement, Allowance and Allowance for the Survivor.
GST/HST Credit
Includes related provincial and territorial programs.
January 29, 2025
February 26, 2025
March 27, 2025
April 28, 2025
May 28, 2025
June 26, 2025
July 29, 2025
August 27, 2025
September 25, 2025
October 29, 2025
November 26, 2025
December 22, 2025
January 29, 2025
February 26, 2025
March 27, 2025
April 28, 2025
May 28, 2025
June 26, 2025
July 29, 2025
August 27, 2025
September 25, 2025
October 29, 2025
November 26, 2025
December 22, 2025
January 3, 2025
April 4, 2025
July 4, 2025
October 3, 2025
Canada Child Benefit (CCB)
Includes related provincial and territorial programs.
Ontario Trillium Benefit (OTB)
Includes Ontario energy and property tax credit (OEPTC), Northern Ontario energy credit (NOEC) and Ontario sales tax credit (OSTC).
Advanced Canada workers benefit (ACWB)
January 20, 2025
February 20, 2025
March 20, 2025
April 17, 2025
May 20, 2025
June 20, 2025
July 18, 2025
August 20, 2025
September 19, 2025
October 20, 2025
November 20, 2025
December 12, 2025
January 10, 2025
February 10, 2025
March 10, 2025
April 10, 2025
May 9, 2025
June 10, 2025
July 10, 2025
August 8, 2025
September 10, 2025
October 10, 2025
November 10, 2025
December 10, 2025
January 10, 2025
July 11, 2025
October 10, 2025
Veteran Disability PensionCanada Carbon Rebate
Formerly known as: Climate action incentive payment.
Basic amount and rural supplement for residents of Alberta, Saskatchewan, Manitoba and Ontario.
January 30, 2025
February 27, 2025
March 28, 2025
April 29, 2025
May 29, 2025
June 27, 2025
July 30, 2025
August 28, 2025
September 26, 2025
October 30, 2025
November 27, 2025
December 23, 2025
January 15, 2025
April 15, 2025
July 15, 2025
October 15, 2025