Indexation adjustment for personal income tax and benefit amounts
Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada.
Increases to tax bracket thresholds, amounts relating to non-refundable credits, and most other amounts below take effect on January 1 of the applicable year.
Increases in amounts for certain income-tested benefits like the goods and services tax credit, the Canada child benefit and Child disability benefit, take effect on July 1 to coincide with the beginning of the program year for payments of these benefits.
The following chart provides the indexed amounts for four tax years based on the announced personal income tax and benefit commitments to date.
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Indexation increase | 2.7% | 4.7% | 6.3% | 2.4% |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Taxable income above which the 20.5% bracket begins | $57,375 | $55,867 | $53,359 | $50,197 |
| Taxable income above which the 26% bracket begins | $114,750 | $111,733 | $106,717 | $100,392 |
| Taxable income above which the 29% bracket begins | $177,882 | $173,205 | $165,430 | $155,625 |
| Taxable income above which the 33% bracket begins | $253,414 | $246,752 | $235,675 | $221,708 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Basic personal amount for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket beginsFootnote 1 | $14,538 | $14,156 | $13,520 | $12,719 |
| Basic personal amount for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket beginsFootnote 1 | $16,129 | $15,705 | $15,000 | $14,398 |
| Spouse or common-law partner amount (maximum) for individuals whose net income for the year is greater than the amount at which the 33% tax bracket beginsFootnote 1 | $14,538 | $14,156 | $13,520 | $12,719 |
| Spouse or common-law partner amount (maximum) for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket beginsFootnote 1 | $16,129 | $15,705 | $15,000 | $14,398 |
| Spouse or common-law partner amount for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependent spouse or common-law partner)Footnote 1 | $17,225 | $16,772 | $16,019 | $15,069 |
| Spouse or common-law partner amount for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependent spouse or common-law partner)Footnote 1 | $18,816 | $18,321 | $17,499 | $16,748 |
| Amount for an eligible dependant (maximum) for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket beginsFootnote 1 | $14,538 | $14,156 | $13,520 | $12,719 |
| Amount for an eligible dependant (maximum) for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket beginsFootnote 1 | $16,129 | $15,705 | $15,000 | $14,398 |
| Amount for an eligible dependant for individuals whose net income for the year is greater than or equal to the amount at which the 33% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependant)Footnote 1 | $17,225 | $16,772 | $16,019 | $15,069 |
| Amount for an eligible dependant for individuals whose net income for the year is less than or equal to the amount at which the 29% tax bracket begins (maximum if eligible for the Canada caregiver amount for a dependant)Footnote 1 | $18,816 | $18,321 | $17,499 | $16,748 |
| Canada caregiver amount for children under age 18 | $2,687 | $2,616 | $2,499 | $2,350 |
| Age amount | $9,028 | $8,790 | $8,396 | $7,898 |
| Net income threshold for age amount | $45,522 | $44,325 | $42,335 | $39,826 |
| Canada employment amount (maximum) | $1,471 | $1,433 | $1,368 | $1,287 |
| Canada caregiver amount for other infirm dependants age 18 or older (maximum amount) | $8,601 | $8,375 | $7,999 | $7,525 |
| Net income threshold for Canada caregiver amount | $20,197 | $19,666 | $18,783 | $17,670 |
| Disability amount | $10,138 | $9,872 | $9,428 | $8,870 |
| Supplement for children with disabilities (maximum) | $5,914 | $5,758 | $5,500 | $5,174 |
| Threshold relating to allowable child care and attendant care expenses | $3,464 | $3,373 | $3,221 | $3,030 |
| Adoption expenses (maximum per adoption) | $19,580 | $19,066 | $18,210 | $17,131 |
| Medical expense tax credit (3% of net income ceiling) | $2,834 | $2,759 | $2,635 | $2,479 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Maximum supplement | $1,504 | $1,464 | $1,399 | $1,316 |
| Minimum earnings threshold | $4,390 | $4,275 | $4,083 | $3,841 |
| Family net income threshold | $33,294 | $32,419 | $30,964 | $29,129 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Old age security repayment threshold | $93,454 | $90,997 | $86,912 | $81,761 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income exclusion (maximum per month) | $441 | $430 | $411 | $386 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Threshold amount relating to cost of eligible tools | $1,471 | $1,433 | $1,368 | $1,287 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Lifetime dollar limit | $180,000 | $170,000 | $160,000 | $160,000 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Minimum working income threshold | $11,821 | $11,511 | $10,994 | $10,342 |
| Maximum net income | $173,205 | $165,430 | $155,625 | $151,978 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Adult maximum | $349 | $340 | $325 | $306 |
| Child maximum | $184 | $179 | $171 | $161 |
| Single supplement | $184 | $179 | $171 | $161 |
| Phase-in threshold for the single supplement | $11,337 | $11,039 | $10,544 | $9,919 |
| Family net income at which credit begins to phase out | $45,521 | $44,324 | $42,335 | $39,826 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Annual TFSA dollar limitFootnote 4 | $7,000 | $7,000 | $6,500 | $6,000 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Exemption limit | $1,250,000 | Footnote 5 | $971,190 | $913,630 |
| Exemption limit – before June 25, 2024 | NA | $1,016,836 | NA | NA |
| Exemption limit – after June 24, 2024 | NA | $1,250,000 | NA | NA |
| Additional exemption amount for qualified farm or fishing property | NA | NA | $28,810 | $86,370 |
| Additional deduction amount for qualified farm or fishing property (since ½ of the capital gain is taxable) | NA | NA | $14,405 | $43,185 |
| Deduction limit (since ½ of the capital gain is taxable) | NA | Footnote 5 | $485,595 | $456,815 |
| Deduction limit (since 2/3 of the capital gain is taxable) | $833,333 | NA | NA | NA |
| Deduction limit before June 25, 2024 (since ½ of the capital gain is taxable) | NA | $508,418 | NA | NA |
| Deduction limit after June 24, 2024 (since 2/3 of the capital gain is taxable) | NA | $833,333 | NA | NA |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| CCB (base benefit, child under age 6) | $7,997 | $7,787 | $7,437 | $6,997 |
| CCB (base benefit, child aged 6 to 17) | $6,748 | $6,570 | $6,275 | $5,903 |
| Adjusted family net income at which phase out begins | $37,487 | $36,502 | $34,863 | $32,797 |
| Second phase out threshold | $81,222 | $79,087 | $75,537 | $71,060 |
| Base phase out amount for one eligible child | $3,061 | $2,981 | $2,847 | $2,678 |
| Base phase out amount for two eligible children | $5,904 | $5,749 | $5,491 | $5,166 |
| Base phase out amount for three eligible children | $8,310 | $8,091 | $7,728 | $7,270 |
| Base phase out amount for four or more eligible children | $10,059 | $9,795 | $9,355 | $8,801 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Maximum benefit | $3,411 | $3,322 | $3,173 | $2,985 |
| Family net income threshold for phase out | $81,222 | $79,087 | $75,537 | $71,060 |
| Description | 2022-2025 |
|---|---|
| CSA base amount | Footnote 6 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Minimum working income threshold | $3,000 | $3,000 | $3,000 | $3,000 |
| Maximum benefit for single individuals with no children | $1,633 | $1,590 | $1,518 | $1,428 |
| Maximum benefit for families | $2,813 | $2,739 | $2,616 | $2,461 |
| Adjusted net income at which the benefit begins to phase out for single individuals with no children | $26,855 | $26,149 | $24,975 | $23,495 |
| Adjusted family net income at which the benefit begins to phase out for families | $30,639 | $29,833 | $28,494 | $26,805 |
| Secondary earner exemption | $16,386 | $15,955 | $15,239 | $14,336 |
| Description | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Minimum working income threshold | $1,150 | $1,150 | $1,150 | $1,150 |
| Maximum supplement | $843 | $821 | $784 | $737 |
| Adjusted net income at which the supplement begins to phase out for single individuals with no children | $37,740 | $36,748 | $35,098 | $33,018 |
| Adjusted family net income at which the supplement begins to phase out for families | $49,389 | $48,091 | $45,932 | $43,210 |
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