Tax Brackets 2024 Calculator Canada. The calculator reflects known rates as of june 1, 2024. This tool is designed for simplicity and ease of use, focusing solely on income tax calculations.
The 2024 federal budget proposed an increase in the capital gains inclusion rate to 66 2/3% for the portion of gains realized. Plug in a few numbers and we’ll give you visibility into your tax bracket, marginal tax rate, average tax rate, and payroll tax deductions, along with an estimate of your tax refunds and taxes owed in 2024.