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7 Canadian Tax Changes That Might Affect You in 2024 🇨🇦 1. New federal tax brackets 🍁🇨🇦 📌 As inflation has remained high over the past year, the federal government has adjusted the tax brackets again for the 2023 tax year. 📌 Each of the brackets has seen an increase from the 2022 thresholds so taxpayers will be paying a lower amount on more of their annual income. ✅ In 2023: 📎 Up to $53,359 of income will be taxed at 15%. Income between $53,359-$106,716 will be taxed at 20.5%. 📎 Income
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