Reference · Income tax
Federal tax brackets and basic personal amount by year.
Every federal bracket threshold from 2020 to 2026 in one table, with the indexation rate and basic personal amount, sourced from the CRA.
Bracket thresholds at a glance
Each rate applies only to the slice of taxable income inside its bracket. The columns show the top of each of the first four brackets; income above the last threshold is taxed at 33%.
| Tax year | Lowest rate | Top of 1st bracket | Top of 2nd bracket | Top of 3rd bracket | Top of 4th bracket |
|---|---|---|---|---|---|
| 2026 | 14% | $58,523 | $117,045 | $181,440 | $258,482 |
| 2025 | 14.5% | $57,375 | $114,750 | $177,882 | $253,414 |
| 2024 | 15% | $55,867 | $111,733 | $173,205 | $246,752 |
| 2023 | 15% | $53,359 | $106,717 | $165,430 | $235,675 |
| 2022 | 15% | $50,197 | $100,392 | $155,625 | $221,708 |
| 2021 | 15% | $49,020 | $98,040 | $151,978 | $216,511 |
| 2020 | 15% | $48,535 | $97,069 | $150,473 | $214,368 |
The lowest federal rate fell from 15% to 14% on 1 July 2025, so the CRA gives 14.5% as the rate for the whole 2025 tax year. For 2026 the rate is 14%.
Indexation and the basic personal amount
| Item | 2026 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Indexation increase | 2.0% | 2.7% | 4.7% | 6.3% |
| Basic personal amount, maximum (net income at or below the start of the 29% bracket) | $16,452 | $16,129 | $15,705 | $15,000 |
| Basic personal amount, minimum (net income at or above the start of the 33% bracket) | $14,829 | $14,538 | $14,156 | $13,520 |
| Canada employment amount, maximum | $1,501 | $1,471 | $1,433 | $1,368 |
| Age amount | $9,208 | $9,028 | $8,790 | $8,396 |
Between the two basic personal amount figures, the enhanced amount phases out gradually as net income rises through the 29% bracket.
Brackets by year
2026
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $58,523 | 14% |
| $58,523.01 | $117,045 | 20.5% |
| $117,045.01 | $181,440 | 26% |
| $181,440.01 | $258,482 | 29% |
| $258,482.01 | and over | 33% |
2025
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $57,375 | 14.5% |
| $57,375.01 | $114,750 | 20.5% |
| $114,750.01 | $177,882 | 26% |
| $177,882.01 | $253,414 | 29% |
| $253,414.01 | and over | 33% |
2024
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $55,867 | 15% |
| $55,867.01 | $111,733 | 20.5% |
| $111,733.01 | $173,205 | 26% |
| $173,205.01 | $246,752 | 29% |
| $246,752.01 | and over | 33% |
2023
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $53,359 | 15% |
| $53,359.01 | $106,717 | 20.5% |
| $106,717.01 | $165,430 | 26% |
| $165,430.01 | $235,675 | 29% |
| $235,675.01 | and over | 33% |
2022
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $50,197 | 15% |
| $50,197.01 | $100,392 | 20.5% |
| $100,392.01 | $155,625 | 26% |
| $155,625.01 | $221,708 | 29% |
| $221,708.01 | and over | 33% |
2021
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $49,020 | 15% |
| $49,020.01 | $98,040 | 20.5% |
| $98,040.01 | $151,978 | 26% |
| $151,978.01 | $216,511 | 29% |
| $216,511.01 | and over | 33% |
2020
| Taxable income from | up to | Federal rate |
|---|---|---|
| $0 | $48,535 | 15% |
| $48,535.01 | $97,069 | 20.5% |
| $97,069.01 | $150,473 | 26% |
| $150,473.01 | $214,368 | 29% |
| $214,368.01 | and over | 33% |
These are federal brackets only. Provincial and territorial tax is added on top; see the provincial brackets table. Quebec residents also file a separate Quebec return.
Sources
- CRA: All years tax rates and income brackets (2020 to 2024)
- CRA: 2025 tax rates and income brackets and 2026 tax rates and income brackets
- CRA: Adjustment of personal income tax and benefit amounts (indexation and credit amounts)
Every figure above is copied from the primary source linked here. Check the source before relying on a number for a filing, a payroll run or a legal decision; governments revise these tables.
Cite this page
You are welcome to quote or link this table. A suggested citation: