2024 Tax Rates Canada Over 65. Rate of tax is 0.98% for taxable remuneration that does not exceed $200,000 and 1.95% for taxable remuneration over $400,000 (graduated rates apply for payrolls between the thresholds). Claim this amount if you were 65 years of age or older on december 31, 2023, and your net income (line 23600 of your return) is less than $98,309.
Rate of tax is 0.98% for taxable remuneration that does not exceed $200,000 and 1.95% for taxable remuneration over $400,000 (graduated rates apply for payrolls between the thresholds). Calculate your combined federal and provincial tax bill in each province and territory.