Tax Brackets For 2024 Canada Over 65. The ontario tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.028 (2.8% increase), except. The 2024 federal budget proposed an increase in the.

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. 12 rows how to include this payment on your income tax and benefit return depends on your.