Tax Facts 2024-2025

Quick access to the latest tax figures plays a key role in meeting reporting deadlines and remaining abreast of constant tax changes. KPMG in Canada’s 2024-2025 edition of Tax Facts provides information on select tax rates and credits, filing obligations and other key tax information of interest to Canadian individuals and businesses, including the proposed increase to the capital gain inclusion rate to 66.67% (from 50%) on capital gains realized after June 24, 2024. 

This edition of Tax Facts covers key tax information including:

• Canadian and U.S. corporate income tax rates
• Individual combined top marginal tax rates for salary, interest, capital gains and dividends
• Federal and provincial/territorial personal tax rates, brackets, surtaxes, and credits
• Federal and provincial/territorial sales tax rates
• Payroll and health taxes

KPMG’s experienced tax professionals offer a wide range of services to help you navigate the evolving tax landscape and understand how the information in this publication may affect you or your business. We offer custom solutions to suit your needs, providing guidance and support for tax and financial planning to achieve your business objectives.

Information in these tables is current as of March 31, 2025.