CRA announces indexation adjustment for 2024 personal tax amounts

Annual changes in personal income tax brackets and tax credit amounts are based on changes in the Consumer Price Index. The Canada Revenue Agency has announced that, for the upcoming 2024 tax year, such personal tax amounts will be increased by 4.7%.

The announcement of that increase, together with a detailed listing of personal income tax brackets and personal tax credit amounts for 2024, can be found on the CRA website at Indexation adjustment for personal income tax and benefit amounts - Canada.ca.