Income Tax Brackets 2024 Canada Over 65. Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income (line 23600 of your return) is less than $98,309. Canada’s income tax brackets for 2024, plus the maximum tax you’ll pay based on income.
Plus, explore canadian and provincial income tax. The basic personal amount before any personal tax applies has been increased to $15,705 for those earning $173,205 (29% tax bracket), up from.