2024 Tax Rates Canada Over 65 . Rate of tax is 0.98% for taxable remuneration that does not exceed $200,000 and 1.95% for taxable remuneration over $400,000 (graduated rates apply for payrolls between the thresholds). Your taxable income is your income after various deductions, credits, and exemptions have been applied.
However, if you or your spouse. $15,705 (up from $15,000 in 2023).
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